Gold feels “strong” but the structure still looks weak

A lot of traders are calling for new highs.

But structurally?
Gold still looks unstable.

The market keeps reacting aggressively to every macro headline:

• oil
• Fed
• geopolitical tension
• inflation expectations

This isn’t clean momentum.
It’s nervous momentum.

https://preview.redd.it/93f9kuw3zn0h1.jpg?width=1170&format=pjpg&auto=webp&s=dd4beafffcbb5cd1924d83d9975ed1e29b6cf2c0