Just throwing this out there as a hypothetical "worst case" scenario for Gold
ahead of the mega rally to follow. A break of 1975 likely negates this potential. Not ruling anything out. Certainly jives with the idea that we don't see any new stimulus until after the elections. The next few weeks will test what it will take for Powell to turn up the speed on the printing presses. Safe to say that is exactly what's happening. Until we see "action" from the Fed, US Treasury, or Congress, the bias is down.
Stay safe and as always, keep stacking.