Ira Epstein discusses the current state of the metals market, highlighting a significant downturn in gold prices due to ongoing geopolitical tensions and inflation concerns. He explains that while inflation typically supports gold, the continuation of war is currently suppressing its price. Epstein also analyzes the Federal Reserve’s potential actions regarding interest rates in light of recent economic indicators, such as the CPI. He further elaborates on technical aspects, including moving averages and swing lines, and notes the bearish trends in the market, offering insights into potential resistance levels and trading strategies.
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