GLD

Tick-Tock

| 50Pips
“You can’t stop the waves, but you can learn how to surf.”
– Jon Kabat-Zinn
If you missed our latest weekly outlook , you can access it here > Video Outlook
Embrace the waiting game, you just need to be patient and let the opportunities come to you. Unfortunately, there is not much to add to what we discussed in the weekly outlook video. Let’s take a look at some of the updated charts/levels that we are focused on:

Waiting Game

| 50Pips
“Your mind is like water, when agitated it becomes difficult to see but if allowed to settle, the answer becomes clear.”
– Tsem Tulku Rinpoche
If you missed our latest weekly outlook , you can access it here > Video Outlook
As we have been discussing, it’s just a waiting game now. All about the jobs data and if we get an excuse for the Fed ‘not’ to hike; that’s the big event risk here. Having said that, the market will no doubt continue to try and press extremes as we get closer to these data points and positioning/squaring will pick up.

Inflection Point?

| 50Pips
“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.”
– Aldous Huxley
Once again, it’s all about President Trump. The key focus this week is going to be on the Tuesday address to the joint session of Congress. We’ll have to see how he navigates this and how the markets decide to react and follow-through. Attached are some interesting charts we’ll be stalking.

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