Gold once again in history will probably tell us if we are going in full recession mode (ala 2008) or not. 1670-1680 been defended fiercely four times in the last 30 months, markets are going to see how much fear is there one more time .. heading into FED September 20th FOMC meeting.
A strong daily close under that level would be the open door to something bigger than what we have experienced in the last nine month.
Gold here as the sum of overall 10Y Yields, TLT, TN futures market directions. EUR and Yen of course all dependent on them.
A strong daily close under that level would be the open door to something bigger than what we have experienced in the last nine month.
Gold here as the sum of overall 10Y Yields, TLT, TN futures market directions. EUR and Yen of course all dependent on them.