XAUUSD - Even Though It’s a #2 Safe Haven Now, It’s “Cheap”!

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XAUUSD - Even Though It’s a #2 Safe Haven Now, It’s “Cheap”!GoldOANDA:XAUUSDCherry94Narrative: bearish Real Yields, as inflation from energy costs should add pressure; Fed isn't very definite about hikes Sentiment: Risk-off on Iran tensions Pattern: TR(M) Time: NY open *Gold is pretty correlated with equities currently, but because it's still a safe haven and it fell quite deep, the appeal for new safe haven flows may return