Some people are thrilled with XAUEUR having touched the Weekly RSI 30 and interpreting this as a possible bottom and an amazing opportunity for long. I refrain myself from saying otherwise, but at the very least I prefer being more cautious here.
Gold hasn't been behaving as one would expect considering everything (e.g., money printing, inflation, fear). So I'd wait to see how it behaves at the H&S neckline before deciding what to do next. And by doing so it might give enough time to see how everything plays out, possibly resulting in a more advantageous long position.
Gold hasn't been behaving as one would expect considering everything (e.g., money printing, inflation, fear). So I'd wait to see how it behaves at the H&S neckline before deciding what to do next. And by doing so it might give enough time to see how everything plays out, possibly resulting in a more advantageous long position.