Last week saw the highest inflation in commodity prices in 60 years (up 12% last week). Inflation risks are also severe due to the immediate supply shock to Russian commodity exports, along with...
Gold potential spots for a bottom, $1,960 area but more likely is $1,920 for the daily cycle low bottom.
Then gold is going to break through the gigantic cup & handle meaning that $5,000-$10,000/oz ..
It’s rare that I suggest that gold market investors should engage in “price chasing”. The 1970s were a time to do it. So was 2009. When price rallies to the neckline..