XAUUSD - Is still bullish but it coming apart

The trend is intact, obvious gold isn't an asset the plunge protection team nor does the Fed purchase. Gold relies on the market players more so than ever as EM central banks lose income from COVID. Gold will see some pain here on out, as the economy opens and inflation stays in equities and fed backed financial assets. (depending on the events going forward obviously) I like Gold into Q4, but the summer could be rocky. I wouldn't be surprised to see the 1500s level again. (I think it will be short-lived before it rally's again)