Pull back met at $3.76-$3.72 ✅
Inverse head and shoulders forming with an ascending neck line
Possible sideways chop in Gold or slow rise of Gold.
Debt Ceiling should get approved if not Gold will spike and thus EVN
Until Fed officially pauses rate then Gold to spike past previous highs
EVN to pull back possibly to $3.60 before ranging back up to $4.50
Still holding conviction on EVN $4.50 and beyond if the gold Thesis plays out.
—————————
Everyone is 50/50with the markets atm waiting for something to break-hedging
Volatility is suppressed - calm before the storm.
Options expiring-gamma sqz - up thrust then retrace (chop back down)
Inverse head and shoulders forming with an ascending neck line
Possible sideways chop in Gold or slow rise of Gold.
Debt Ceiling should get approved if not Gold will spike and thus EVN
Until Fed officially pauses rate then Gold to spike past previous highs
EVN to pull back possibly to $3.60 before ranging back up to $4.50
Still holding conviction on EVN $4.50 and beyond if the gold Thesis plays out.
—————————
Everyone is 50/50with the markets atm waiting for something to break-hedging
Volatility is suppressed - calm before the storm.
Options expiring-gamma sqz - up thrust then retrace (chop back down)
