Pro Macro: Flash Update – November 2, 2023

Published on: November 2nd, 2023

Speculative short positions in Gold built up during September but were caught wrong-footed by the sharp move back to $2000. There has not been time for underweights to adjust to the new dynamic and I recommend re-entering long positions here with multi-month targets, only the first of which would be ⁓$2400. Longer-term moves over $3000 should be on your radar.


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