Gold 4850 No Change

On December 24, I published the chart case for 4890oz Gold. You can see the chart here,  but the full explanation was sent out to the WhatsApp Broadcast Group. If you are trading XAUUSD (on leverage) then it is best to target 4830/50.  I've made the point repeatedly how 4850 gold and 100 silver were part of my target of 48/47 for the Gold Silver ratio. The combination of escalating tariff threats and geopopolitical dangers arising from the Greenland issue is boosting gold and silver, while also hurting the US dollar on the rising expectations that European sovereign nations, their pension funds and insurance companies will not only buy less USD assets, but also will further hedge their USD-denominated assets. Here is that gold post again.