There are three big price drivers currently at work in the gold market: The rise of inflation, the huge bull continuation pattern on the weekly price chart, and the war cycle.
Another outside possibility is that all of wave .d. ended at 1836.90 and all of wave .e. at 1745.50. This would mean that all of wave -iv- is now complete and..
There is an inflation problem and the administration may try to control every commodity, but there are too many and impossible, or they can suppress the canary in the coal mine, which is gold.
Gold's settlement price comes in before the FOMC announcement and subsequent PR. Gold continues to bounce from the 18 day moving averages with 100 and 200 day averages just above that.
