HK_L61

GOLD - GC 2 Hour

COMEX:GC1!   Gold Futures
A correction in the DX will provide Flow Info for Gold
should the Peak Inflation narrative capture the mindshare
short term.

Gold is on a knife's edge.

Boom boom directly ahead.

1780 to 1690 remains the lower range, with 1828 the
short term pivot , with 1888 the Key level for a retest of
the higher end of the short-term range.

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The COT has remained aligned against the Specs for some
time, it has been largely ignored by most NextGen Goldbugs
who are malinforned and susceptible to the decade long traps
sprung by the usual suspects.

How many fines has JOM paid for rigging the COT over the
past two decades?

Too many.... A DX turn will excite the Bugs.

"it's time to Buy" .... yeah, naw, another chase trap is all it will
amount to within the Buy Zone.

Change of trend will be the new narrative - wash, rinse and repeat
for the Yellow Dawg.

Gold has Zero real utility for the coming years...

Against the Monetary Base Gold has been Left for Dead, the ST Louis
Fed maintains the Data.

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Expect actions shortly, with increased VX.







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