*Shakes head* there won’t be a peace deal… that’s just what is…
It is prudent in many ways and for many peaceful reasons to reintegrate Ukraine back into Russia and then get Russia to join the EU, and while that is being done the former USSR countries get reintegrated back one by one. Russia would remain communist yes… but a modern and kinder variation of communism with the bad parts of it removed… they are traditional and sentimental family people and dislike misbehavior.
Like that EU can produce everything under the sun for the US,.. even for example. Cotton which US traditionally would buy from Europe…
We can have global commerce and world peace like that…
Gold trading above it’s 50 EMA on the monthly, weekly and daily timeframe. Stochastic below 50% with a cross over. This is a buy signal. Stop loss at 0.67 ATR, Take profit at 2 ATR. Risk 5% of your account size
XAUUSD back below 2942-50 (last at 2935) after a new record high at 2955… suggests the Power of 50 level (2950) will dictate whether there is enough in the tank to make a run at 3000.
Little reaction to US data although 10 year yield a touch higher after holding 4.50% and USD a touch higher… jump in Philly Fed prices paid might be a factor