Positions as of Tuesday, March 30, 2021.
Gold and silver futures are closed worldwide tomorrow. Impact of gold and silver will be felt on Monday in the future.
Gold finding Bollinger band support on the downside. Bearish set-up or sideways market? Nothing bullish on the chart.
For gold, what matters right now is real yields (nominal yields minus the rate of inflation). Unfortunately, the US rate of inflation is measured with what I call… The Orwell Index.
$1,744.80 on gold is needed to break the current bearish set-up. Trading range in Gold being established, bears in control.
Gold prices are down 9% so far this year and saw a weekly loss after two weeks prior of gains.
In between supports and resistances. What prices to look out for in gold.
Positions as of 23 March, 2021.
I am not convinced that we have finished this volatility event.
Gold outside day down, is this a bear trap?
