- As we can see, GOLD is still going down since the last few days. The reason was that the US10Y was constantly strengthened by MARKET UPDATES. But as soon as there is an opportunity in the future, GOLD can be BUY as per the MARKET STRUCTURE. But yet there is no reason or incident to make GOLD MARKETS FUNDAMENTALLY UP yet.
- By now, GOLD must go to 1675 LEVEL. After that, at 1832, the PRICE must go up, definitely a STRUCTURE BREAK If one comes. Definitely follow the STRUCTURE we have given. CPI DATA further DOWN GOLD PRICE. Wait until the TREND LINE on the PRICE CHART BREAKS.
- Currently, US 10Y is slightly UP. Also, DXY is going up a bit. For this reason, GOLD is going down now.