Gold, the Doomsday Hedge, has been activated. Bids now above support of $1840 with U.S Dollar selling and Swiss Franc (safe haven/s) buying: in tandem with gold hedges. Is a major conflict on the cards? China may be planning to invade Taiwan, Russia had blockaded all of South East Ukraine sea ports. Global food crisis and possible West (UK?) showdown (Navel).

(Chart 1)

Has gold the Doomsday Hedge (Chart 1) been activated?    Gold rallied over 3% from its May 16th low of $1790 (red line: inclined), with the futures market pricing in bids at $1840 which is above the its support line, moving into a widen trading range of 1840/1890 (red horizontal lines).  Projection within its ranges are at 1880 (1.88%) in one day  1870 (1.40%) in three days.  Fuchsia colored price line trending down (overlay) is the U.S.  Dollar (DXY) price.  The pane beneath is the USD futures price also trending down and the pane beneath the USD is the Swiss Franc, which as a safe haven currency runs, at times, with the Gold price, is now trending up.

The orange vertical line is the price divergence of the Swiss Franc/Gold and the USD, which was at its widest on the May 13th when the DXY (USD) was at 104

The U.S. Dollar an inflation hedge, as one would expect, as it tracks US Bond yields, more so the 10 YR.  Gold is essentially the ultimate hedge, as it stores value on its scarcity as an asset.   It is also a historical way of protecting wealth on what could be the ultimate meltdown.  Which at this point in time could be a global conflict between Russia/China and the West and since a Cold War 2 has NOT been called, we are all kinda sleepwalking into the possibility of a terrible global conflict to occur.  Hence gold deemed as the Doomsday Hedge.

And China could be the reason bids on Gold are now on re:  Taiwan invasion could be soon.

Also equally alarming:  Russia blockading the port of Odessa, which is Ukraine export and import hub, particularly grain to the world.  Will the U.K send warships to the region?