Gold is clearly very bullish and looks to me that two levels are possible targets right now:
3050.00 & 3080.00
Only question is where to buy it right now – well, if it closes tonight just above 2885.00 that would be the first doable level for another leg up tomorrow.
Lower level is 2870.00 – that one would make me smile J
But below those two, better wait and see the reaction around 2810.00
That is why I said and have always been saying “Keep rates higher for longer”… I just knew and prayed that someday the USA would become wise to all the flooding going on and when they do wise up then the first thing to go out the window will be USAID… but then to keep an economic balance interest rates would need to be high enough to support sufficiently just enough to complete the infra projects…
They can have a “Bond Treaty”… get countries to bank in American Treasuries/Bonds and collect interest which can be used to finance infrastructure projects. The USA was tricked into giving USAID to fund various projects which were only concepts on paper but which were intentionally not done… However, if they misappropriate that interest from treasuries to flood the mainland like they did by misappropriating the USAID money then well… it goes under confiscation by the DEA…