long term safe haven, but this year just MM toy

remember my old chart from May? which target 1970 after 1785 drop but later it will drop to 1750 area?
that just daily TF analysis

this is a combination of weekly and monthly analysis

weekly need to drop to 1750$ area
while monthly need to drop to as near as 1350$ area which I think 1550$ area

you might disagree with me, but the only way to invalid this bearish idea is with a bullish trend above 2070$

I don't fight MM, MM PA movement beyond normal analysis

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remember FED will rise the rate by 2% this year from 1.75% to 3.75% to fight inflation
if not enough it will raise the rate by another 1% next year to above 4% rate

everytime FED rate issue come out gold always drop

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14 MAR 2022 FED raise rate gold drop
4 MAY 2022 FED raise rate gold drop
15 JUNE FED raise rate gold drop
27 JULY FED raise rate gold?
21 SEPT FED raise rate gold?
2 NOV FED raise rate gold?
14 DEC FED raise rate gold?