To The Moon

$Gold - Apr 2022(GC2204)$

$10-YR T-NOTE - Jun 2022(ZN2206)$ 

Gold remaining in its current range awaiting new information.

2 scenarios could thus emerge in the short-medium term:

- Gold could dive back into territory below $1,900 if the Fed in the coming days offers more hawkish clues.

- On the other hand, new sanctions imposed on Russia which heighten inflationary pressures and further cloud the global economic outlook should provide significant support for spot gold to rally towards $2,000.

Rally panic beyond $2,000 could be triggered with the collapse of the Ukraine/Russia talks or a proven recession...however this last scenario remains in the background for the moment and would be more of a long-term order.