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

Gold attempted to recover from the sell-off but was rejected twice near USD 4,320. Ahead of tomorrow’s Fed decision, we expect choppy, range-bound trading, with the possibility of marginal new lows. However, the daily chart is deeply oversold. We therefore believe the rate hike is largely priced in, making a rebound in gold the more likely scenario. For now, patience remains key.

https://floriangrummes.substack.com/p/gold-daily-call-for-september-15th