PCE inflation data out today, watch the Dollar. Gold is battling $2,000 and the market is overbought. Overbought markets does not attract new money. So the market has to either embed or ...
Gold is on the cusp of a major breakout from its super-bullish cup and handle pattern. The measured upside target is $3000/oz, and the log target is roughly $4000/oz.
Gold prices could surpass the record set at the height of the Covid-19 pandemic if ongoing turmoil in the banking sector persists and global central banks downshift..
A potential sovereign debt crisis also looms. Housing is wobbling and commercial real estate is also very shaky. A credit crunch is also looming as banks "pull in the horns".
