i can't resist. shorting gold here.

price just printed a clean rejection close on 4,180-4,200, a level that was resistance, flipped to support, and is now resistance again.
now the fundamentals. they all lean the same way:
> rates: real yields are high and going higher.
> dollar: still soft, but the easy downside looks done. i don't see it falling much further from here.
> fed: still hawkish. nobody's pricing cuts. fed funds futures actually lean toward more hikes on the fedwatch horizon.
this entire move up was from nfp that came in at +57k vs +129k expected and gold ran ~$180 on it. that's a news rally, not really a regime change.
rejection close at a major level + spent catalyst + hawkish macro = i take the trade.
not financial advice. trade your own plan.