As the economy seems to continue to improve, gold and precious metals are perceived to be under pressure. The macro move is looking bullish. However, the micro, intraday setup could give us a possible sell signal; since price action has risen the previous week. One thing to keep in perspective is the sentiment and where the majority of traders are placing their traders. Fed Chair - Jay Powell is currently speaking, so we could see some movement based on his testimony. I will continue to update you all on this setup. In conclusion, keep in mind is Joe Biden promised to shut the economy down again. The results from spring break has not kicked in yet. We appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick (CEO)
Third Eye Traders
Rodrick (CEO)
Third Eye Traders