The “rational exuberance” over Trump 2.0 is likely going to be a factor in the coming dip in rates. That dip is likely to coincide with a surge in gold to $3000-$3300.
Gold climbed to the highest in a month after a surprise slowdown in U.S. inflation revived expectations for Federal Reserve rate cuts this year, reports Bloomberg.
We're now moving lower in wave $iv$ which appears to have become a bullish triangle, although it may now be complete at the 2656.70 low. If that's the case, then we're starting to thrust sharply higher...
