there is absolutely no one that actually look to be willing to make a big move in gold , and it doesn't follow the normal fundamental
price stuck interest is exprime between 1660 and 1650
seing price retrace before falling on an expensive winter in europe is weird , and shouldn't happen
gold tend to appreciate value during inflation and have a negatif correlation with the general market
BUT correlation are like arbitrage model they are here until they ain't , market don't seems to look for any further drops with
50% of the nasdaq down 50°% this year
i would say saying the next big move is in gold is fullish and out of the general macro and micro economy spectrum as of now in therm of attention
i would suggest to stay out of this market , i belive an high level of hedging position have to be liquiditated before being able to see clearer
price stuck interest is exprime between 1660 and 1650
seing price retrace before falling on an expensive winter in europe is weird , and shouldn't happen
gold tend to appreciate value during inflation and have a negatif correlation with the general market
BUT correlation are like arbitrage model they are here until they ain't , market don't seems to look for any further drops with
50% of the nasdaq down 50°% this year
i would say saying the next big move is in gold is fullish and out of the general macro and micro economy spectrum as of now in therm of attention
i would suggest to stay out of this market , i belive an high level of hedging position have to be liquiditated before being able to see clearer