$GOLD ripped today on election sweep fears — bigger deficits, inflation talk, classic macro fuel. Chart-wise, we tagged $3886 a few days back, called potential bottom zone, and Monday might've been it. Not confirmed yet.
Now watching strength reclaims. Each level gold takes back raises odds the low is in. This bounce is solid but hitting first real test: $4100–$4190 resistance box. Likely chop or pullback here.
Below $4100? Still 30–50% chance we dump lower, $3400 stays in play. Above $4190? Bottom odds jump to 70%. Real confirmation for me is reclaiming top of macro parallel — that's when I'd be confident Monday was the low.
All precious metals follow $GOLD's lead. Same logic applies across the board.
Now watching strength reclaims. Each level gold takes back raises odds the low is in. This bounce is solid but hitting first real test: $4100–$4190 resistance box. Likely chop or pullback here.
Below $4100? Still 30–50% chance we dump lower, $3400 stays in play. Above $4190? Bottom odds jump to 70%. Real confirmation for me is reclaiming top of macro parallel — that's when I'd be confident Monday was the low.
All precious metals follow $GOLD's lead. Same logic applies across the board.
