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Rm3 unlikely. Below 5 is possible. Gold price support depends on US Fed and new chair expected in May. Gonna take a while since force selling / flight to safety triggered from the gap today.
that seems to be the case as reported by the media. some call it liquidity squeeze aka cash out and use the funds for something else. However, you might want to pay attention to gold price chart too. It has just completed the 2nd 10 years bull runs. the first one was from 2001 to 2011. Retraced from 2011 to 2016. And 2nd 10 years bull run from 2016 to 2026. There is high probability that we may not see much actions / high returns from gold for the next few years; from the technical chart perspective. just my personal opinions, could be wrong. hope it helps.
the cycle reading is meaningless. bro. today diesel rm5. your fundamental technical is meaningless. today trump is having an issue with Iran. what cycle?
