How about we let it break a few levels of major support first before making an assumption that great. Not saying it's not possible, just WAY too early to even speculate on that.
PS- the market is very rarely that simple and easy to predict. If it seems blatantly obvious based on what it's done in the past, it's not likely to happen that way again IMO.
We will confirmation, but I tend to agree with you. 1yr & USD bounce, gold fade the rest of the year looks possible.
I'm looking or the USD make a move to 94 near term and possibly 96 by eoy. Gold targets are 1279 and 1249 , but expect much of that movement the next 30 days.
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