Our Vol Dashboard is starting to signal that buying #gold a tad lower from here could be a phenomenal play in the midterm.

But how low?

A test of 166 – 169 zone could be a good opportunity to go long ☟

What makes me think gold is a good play heading into H2?

There are 3 main factors supporting this trade:

#TECHS – Gold is in a weekly uptrend after an impulsive breakout of 168. The current pullback would be retesting that flip zone

#VOL – Short-dated vols are elevated, so selling puts to finance calls may be appropriate for traders with more risk tolerance

#SKEW – The price difference between Puts and Calls has also moved back to neutral, so calls are less expensive than they were

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