DonRamo

Gold range before June 2023 FOMC

TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold ranges before FOMC meeting. The direction it is going to select upon breakout is going to signal significant continuation in that direction. Upon breaking to the upside I believe we can set a new ATH with all CB demand and inflation showing no signs of stopping. A breakdown signals more consolidation to the downside, around 1880, required before any serious contention to the ATH is considered.
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