I just can't see gold tanking much further.
gold & bonds & equities have fallen in lockstep over the past month which is highly unusual.
soon, bonds will start to decouple from equities and gold should follow. I reckon with inflation still high and elevated, but decelerating in its growth rate, that gold should catch some sort of a bid.
Which means we are due for some sort of rally. Will it be a weak rally after which we continue going down? I don't know. But the odds are strong for some sort of bounce in gold.
it's definitely good trading odds. I am using a pretty tight stop though - these markets are crazy and you don't want to blow your account up.
Best looking weekly chart, page-1008
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