I remain focused on this chart, which is the Gold one.

In my view, we'll see a new all-time high in the coming days, and that's going to be the big test.

If there's a sweep and harsh rejection, then we might be seeing a significant sell-off.

I do think that this month / January, provides the high for now, and a big macroeconomic event should usually surround it.

Given that liquidity in the financial system is likely to be wider, I would assume it's at its peak in the coming weeks.

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