As CPI m/m release at June 10th 2022. Gold spiking up a little after the sideway run in a week before. At June 13th, Gold dropping hard into 1828 at 02.37 PM GMT. It indicate the investors asses to liquidate their safe haven reserves. As U.S. Dollar rose into +0.72%, Gold dropping into -2.32%.
This Idea is created at June 13th 2022, 02.37 PM GMT
As the Conference Board (CB) release CB Consumer Confidence, Gold slightly falling to the lowest point at 1830.45, lowest since 26 May 2022. Gold still could rally as shown by William Alligator that still heading up, even after having drop into 1830.45.
