With the understanding of BUYER MARKET. ON DAILY.
Gold price has to get higher because of the rate of inflation.
It has been in range for months.
Why the price has no go up, yet?
Because trader are note letting go there contracts.
The lack of enough discount and not enough fear, has not let the price, the right player in action.
Though right now its the close of the 2 quarter of the year 2024.
And its presenting a delightful amount of discount, which might get the attention of some buyers.
Which are gonna start showing their presence this week.
In Conclusion i expect the just about the right amount of action. To enter Trades with high lot and leverage. during the whole week.
BIGGER DETAILS
- FIRST LEG OF THE MOVE HAD A 50% RETRACEMENT
- SECOND LEG OF THE DISCOUNT THERE IS A 78.6% RETRACEMENT OF MOVE AND INCRESE OF 28%
Meaning more eager to buy a those price right now could the last, leg, of discount before price starts setting new record highs.
WEEK CALENDAR
Real Time Economic Calendar provided by Investing.com.
