XAUUSD is shining especially when there are clouds.....

The idea is on the 15 minutes for a 0.5 Fib level retracement into the $2005 area as the markets

digest the meaning of stubborn inflation. Oil rising maybe EVs going on sale with price

competition from weak demand. Global economies are gyrating. It is a good day to buy gold

at a a discount unless you think its falling like a rock ( ore).

Trade active:

Spot gold is up a little and sideways relative to the dollar value. When it drops
a bit, I will get some more gold. Buying when it is weak compared with the dollar value gives me a discount especially when I get cash back rewards.

Comment:

Spot Gold is making its move on the London Session

Comment:

GLD, the ETF is moving well as it printed a high tight bull flag pattern.