Chart says it all, XAU
couldn't make a new high or let's say break the previous high, it's been make lower high. Brainard's speech only stopped the bear temporally, if gold
won't able to break the previous high(1352), then i'll short every top I can, Grandma has been delaying the rate hike forever, but Fed needs to keep its credibility, so this piece of cloud(rate hike) will always hanging above us.
Jmho, for gold
able to be totally bullish
again, a surprisingly bad data is a must.
Have fun and here's your potato