Let the traders play their games, on the back of one red day for...

Let the traders play their games, on the back of one red day for gold. Massive overreaction. If it was on the back of another large green day for gold we would have broken the back of the resistance around 7c and would have had the re rate set in for good. They just held onto their tactics with 1 day to spare.

This is the data that matters below. A generational re rate for gold is in full swing. Red days are healthy on any uptrend. As long as the key catalysts of central bank purchases and the transition of BRICS nations exiting the US dollar dominance continues, then the gold party is just getting started and the FIAT system will start to lose influence. With the way the world is geopolitically I do not see these issues easing any time soon IMO.