Same old routine. Russia issues tough talk, the UK keeps handing over the knife—now drones are being sent to Ukraine like they’re free. Geopolitical premium will have to be repriced again.
At the level of $CL 84 dollars, it was still hovering around 80 three days ago, but it jumped nearly 4 percentage points in one go. No need to guess—you can tell it’s panic on the supply side driving it. But honestly, whenever those “there will be a price to pay” kinds of lines come out, crude oil prices typically spike in the short term and then pull back. 84.5 is near-term resistance; if it can’t break above it, this is just a bull trap to lure more buyers.
As for $XAU , the fact that it’s stuck around 4400 is downright boring, and volatility has been squeezed to the extreme. With gold, geopolitics is supposed to be the “real father,” yet the market looks like it’s gotten tired of it. Only if the fighting really breaks out will there be a reaction—right now, this stage is just waiting. If I were you, I’d stay out of the market and watch: wait for that bearish candle when $CL spikes up and then turns back down. That’s more reliable than anything else.
#Gold
At the level of $CL 84 dollars, it was still hovering around 80 three days ago, but it jumped nearly 4 percentage points in one go. No need to guess—you can tell it’s panic on the supply side driving it. But honestly, whenever those “there will be a price to pay” kinds of lines come out, crude oil prices typically spike in the short term and then pull back. 84.5 is near-term resistance; if it can’t break above it, this is just a bull trap to lure more buyers.
As for $XAU , the fact that it’s stuck around 4400 is downright boring, and volatility has been squeezed to the extreme. With gold, geopolitics is supposed to be the “real father,” yet the market looks like it’s gotten tired of it. Only if the fighting really breaks out will there be a reaction—right now, this stage is just waiting. If I were you, I’d stay out of the market and watch: wait for that bearish candle when $CL spikes up and then turns back down. That’s more reliable than anything else.
#Gold