Gold Bull could be entering the market!
We had a huge sell-off in Gold yesterday. The path of least resistance remains lower.
However, I like the opportunity from these levels (to the low of 2012).
Technically we broke a falling TL and we may be coming to retest TL zone.
From geopolitical risk standpoint. The tensions in the middle-east could rise further with many reporting potential spread to a deeper regional war.
The red sea issues have skyrocketed shipping cost which could also additional inflationary pressure to global markets.
However, I like the opportunity from these levels (to the low of 2012).
Technically we broke a falling TL and we may be coming to retest TL zone.
From geopolitical risk standpoint. The tensions in the middle-east could rise further with many reporting potential spread to a deeper regional war.
The red sea issues have skyrocketed shipping cost which could also additional inflationary pressure to global markets.
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