One Step at a Time. 🪨

Hi guys, happy weekend.

If we look back, Gold has moved through a full cycle 🔃 from aggressive highs, into deep correction, and now trading near the lower discount zone.

The real question now is simple:

Is Gold already pr

icing in its lowest discount for the year, or is there still more downside pressure

under the ongoing

Strait of Hormuz fundamental risk?