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July 28th, 2022: Gold — Summer rally has started

Review

Gold in USD, 4-hour chart as of July 28th, 2022. Source: Tradingview

Technical Analysis: Gold in US-Dollar

Gold in US-Dollars, weekly chart as of July 28th, 2022. Source: Tradingview

Daily Chart — Stochastic buy signal

Gold in US-Dollars, daily chart as of July 28th, 2022. Source: Tradingview

Commitments of Traders for Gold — Summer rally has started

Commitments of Traders for Gold as of July 25th, 2022. Source: Sentimentrader

Sentiment for Gold — Summer rally has started

Sentiment Optix for Gold as of July 25th, 2022. Source: Sentimentrader
Gold & Silver future contracts held by managed money as of July 25th, 2022. Source: Sentimentrader

Seasonality for Gold — Summer rally has started

Seasonality for Gold over the last 53-years as of June 22nd, 2022. Source: Seasonax

Macro update: Panic, recession, and stagflation

FED Balance Sheet Total as of July 13th , 2022, ©Holger Zschaepitz
ECB Balance Sheet Total as of July 22nd , 2022, ©Holger Zschaepitz

Conclusion: Gold — Summer rally has started

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