#gold #firstmininggold #preciousmetals #bullmarket #correction #shortsqueeze #summerrally #pullback #50MA #200MA #FF #FFMG ??

CPI numbers in a few minutes. Gold came down to USD 4,300 but bounced USD 60 while 4h and daily stochastic are oversold. Fed decision next week still ahead, hence we can’t rule out a test of 50-MA before this pullback is done. But gold is alive & we think a test of the 200-MA will come over the next few weeks..Today’s trade comes after CPI event, 1st target USD 4,365 +x.

https://floriangrummes.substack.com/p/gold-daily-call-for-september-11th