Gold: What to Expect; When and Why
Hello traders,
The Gold market is set to remain relatively elevated as the SPX is poised for continued volatility over the next 3 or so weeks before the equity market runs to test 3390 and create new ATHs over the Summer months (i.e. the SPX will probably be at 3400+ by near the start of August).
For now, Gold will likely trick investors into 'thinking' a re-test of 1750, 1760 or even 1785 indicates 1900+ is close; however, several indicators both technical and fundamental, point to a sharper breakdown beginning from late July and through mid to late September.
--
For those who wish to follow my daily technical/fundamental analysis across various aspects of the market on Discord, please PM me for more information @ zSplit#9971.
--
Thank You,
- zSplit
The Gold market is set to remain relatively elevated as the SPX is poised for continued volatility over the next 3 or so weeks before the equity market runs to test 3390 and create new ATHs over the Summer months (i.e. the SPX will probably be at 3400+ by near the start of August).
For now, Gold will likely trick investors into 'thinking' a re-test of 1750, 1760 or even 1785 indicates 1900+ is close; however, several indicators both technical and fundamental, point to a sharper breakdown beginning from late July and through mid to late September.
--
For those who wish to follow my daily technical/fundamental analysis across various aspects of the market on Discord, please PM me for more information @ zSplit#9971.
--
Thank You,
- zSplit
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