Definitely tough to know with the geo-political tensions at play
My longer term trade call
1. geo-political and seasonal holding gold up right now 2. cpi, dollar etc trajectory not supporting sustained upside
3. on a 5 year, since gold 1920.00 peak 2011, there has been 3 wash rallies each year peaking late Aug/early Sept, and another March 14 (1400). All wash rallies have ended up lower moving into Sept. Don't know if Gold will complete the ABCD cycle in the next few weeks with a wash rally or if Mar 14 will be the 'D' wash. Then it's either another big leg up or down
The article/data is the broken straw and long train aboard on Dust
Fundamentals will eventually set in with the metal in the next weeks or month(s) imo
Whomever unloaded to 50k Nugt block late yesterday prob had the data
I've been adamant about the dust 13 handle and missed it myself, but got low 14's. Self Sticky: plan your trade, trade your plan and stick with it! lol
"We shall see" is perfect commentary + never be over confident in analysis as the markets will turn on you quicker than ...