If anyone has watched the Xi-Biden Summit, you would notice the two countries are seeking a balance, trying their best to avoid a war. As I discussed in previous ideas, the potential battle between China and Taiwan support the Gold price to go up. If this war is no longer happening, and FOMC increase their interest to oppress inflation, the gold price will fall eventually.
Now we think the gold price will retrace to retest 1860 resistance and then fall, that should be a good entry point.
LETS GO BOIS
Now we think the gold price will retrace to retest 1860 resistance and then fall, that should be a good entry point.
LETS GO BOIS