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Thanks for that 1ronnie.So he is basically calling it range...

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ktrianta

9,251 Posts.

218

08/05/24

22:05

Post #: 73735092
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Originally posted by 1ronnie: ↑

https://x.com/hajiyev_rashad/status/1788110018685899118

..Rashad offers nothing more than a series of what appears to be zig-zagging short term blindsiding moves, but a little further out, consensus is high prices.

..is it going up or is it going down? Each time it goes one way, the opposing force takes over shortly thereafter, so they sort of offset each other out and that's why Gold is stuck at the $2300 level.

..more sluggish economic data which seems to be the recent norm would favour an upside bias for Gold.

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Thanks for that 1ronnie.

So he is basically calling it range bound between 2250-2350, which is what seems to be happening. Pretty much as l see it, whilst waiting for the moving averages to catch up.
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