Since we posted the analysis on Gold - it smashed through the psychological $3,000 level and has been rallying since.
We did have the normal correction where liquidity was tested at $3,000, but clearly there was more buying than selling.
Now, we can expect gold to continue up for a number of reasons.
🏆 Why Gold Is Rising (and Could Climb More)
1. ⚔️ Geopolitical Tensions
Middle East conflict and global unrest drive safe-haven demand.
2. 💵 Weaker Dollar Boosts Gold
A falling U.S. dollar makes gold cheaper for global buyers.
3. 📉 Lower Real Yields
If bond yields drop or inflation stays high, gold becomes more attractive.
4. 🏦 Fed Rate Cut Hopes
Traders expect the Fed to cut rates later this year, lifting gold prices.
5. 🛡️ Central Bank Buying
Global central banks are loading up on gold to diversify reserves.
ANd technically, we had the restest and now it's on the way back to the $3,3337 what a power number. Your thoughts?
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
We did have the normal correction where liquidity was tested at $3,000, but clearly there was more buying than selling.
Now, we can expect gold to continue up for a number of reasons.
🏆 Why Gold Is Rising (and Could Climb More)
1. ⚔️ Geopolitical Tensions
Middle East conflict and global unrest drive safe-haven demand.
2. 💵 Weaker Dollar Boosts Gold
A falling U.S. dollar makes gold cheaper for global buyers.
3. 📉 Lower Real Yields
If bond yields drop or inflation stays high, gold becomes more attractive.
4. 🏦 Fed Rate Cut Hopes
Traders expect the Fed to cut rates later this year, lifting gold prices.
5. 🛡️ Central Bank Buying
Global central banks are loading up on gold to diversify reserves.
ANd technically, we had the restest and now it's on the way back to the $3,3337 what a power number. Your thoughts?
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.