#gold #firstmininggold #preciousmetals #bullmarket #correction #oversold #bounce #sideways #CPI #FF #FFMG ??

Gold has reversed nicely after the post-CPI sell-off but remains confined within its sideways range between USD 4,065 and USD 4,227. Nevertheless, bulls have finally broken above the Jackson Hole downtrend, which supports a further recovery toward USD 4,200 and USD 4,225. However, from a broader perspective, bears still hold the upper hand, and we do not expect this to change sustainably anytime soon.

https://floriangrummes.substack.com/p/gold-daily-call-for-october-16th-bd7