Chart - TA, page-2714

The break of TL then a big bounce had no follow through last week. In fact the price action on the TL with a pin bar had me thinking then the follow through had to happen the next day. Once price started to consolidate below since, it was looking unfortunately the bears were gunning that key 80C range thereby forming a massive sideway since 2020!

I might be forced to get some more at this level with precaution. It is the picture further down the track of XAUSD that has be more concerned if one look at almost identical pattern in the making from the 2013 smashed down. Hope this is not the case. Too difficult to understand how gold will react to inflation and it seems to be a break from the traditional view since a generation of investors have never experience what inflation is!