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Gold may be attempting to create some structure as the price action approaches 4000.

This could be something to watch for the gold traders. Once we get some structure, we may have a lot of opportunity that open to us.

TBD

4000-4250 is our current target range to watch. The hope is that price action could possibly pierce 4000 to provide us with some more context on what the gold market intends to do.

Will gold hit 3.5k?  Are the shorts larping or are they really making a play against the Central Bank longs that are still buying and accumulating a huge positive delta position?

CBs made gold a tier one asset on par with US treasuries. Shanghai now rivals London and the LBMA wrt spot gold quotes. The LBMA has now lost the ability to manage and dictate the gold price exclusively on the international level.