Gold Gold Daily Video, August 02, 2024

[Sive Morten]

Good morning,

Gold now stands under impact of geopolitical factors and coming Iran response. It means that now we should forget about short positions. From technical point of view we should wait for pullback to 2400-2420$ area. But "wild card" crazy idea tells that maybe to take some long position and make bet on more M. East escalation, despite how cynic it sounds.

 

[olaaka carlos]

Thank you Sive, I am thinking for me It will be much safe to not even take positions at all today in order not to be cautious.