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Gold Price Rebound? Futures Positioning Signals Support Above 4,000
On June 11, I outlined the case for a bullish mean-reversion move in gold. At the time, I noted that gold prices had fallen more than 10% in June, far exceeding the average decline of -3.5% seen during bearish Junes since 2000. And that was before the month had reached its halfway point. With the 4,000 milestone providing nearby support, the odds appeared to favour a rebound. I'm pleased to say the low was identified to the day, and a similar setup now appears to be emerging. Gold remains on track for a fourth consecutive monthly decline — its longest bearish streak since September 2022. Yet it is once again lower ... (full story)
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From @realDonaldTrump|6 hr ago|49 comments
So, I have Iran on the “ropes,” ready to go down for the fall, willing to give us practically anything, and for the first time in decades, respecting the hell out of the United States and its President, ME, and the U.S. Senate decides to have a poorly timed and meaningless War Powers Act Vote, telling the Number One Sponser of Terror in the World that the United States doesn’t like what I am doing to them, and I must stop, and by so doing has provided aid and comfort the Enemy. Four Republican Losers voted with the Dumocrats, and Iran asked my people, “what does that all mean?” These Senators have just made my job more difficult, but I will get it done, one way or the other, because I always get it done! President DJT
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- Jun 23, 10:14pm | 5 hr ago Posted byTechnical Analysis12,710
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