Gold's Short-Term Volatility and Long-Term Outlook
Explosive Weekend News: The Syrian President Assad has abandoned the country, and the anti-government forces have won in this wave of unrest. The biggest beneficiary of this is not Israel, but the United States! Their control over the Middle East has reached its peak, and many domestic issues will now open breakthrough opportunities, significantly boosting the speed of economic recovery.
Syria’s loss has been devastating for Russia and Iran due to tactical errors. Iran’s strategic arc has been broken, and Russia has lost important strategic points, undoing over a decade of planning.
The unrest caused gold to gap higher today, but the expectations for the U.S. economy have led to a pullback in gold prices. Despite the ongoing turmoil, if this situation continues to develop, the U.S. dollar will inevitably emerge as the ultimate winner. Gold prices may gradually retreat after reaching a peak
This is based on an analysis of the international situation, and it represents a long-term strategic outlook.
Short-Term Outlook: Due to the ongoing turmoil, gold’s safe-haven demand remains intact. Technically, 2628-2618 is an important support zone, with resistance still focusing on the 2643-2652 area.
Syria’s loss has been devastating for Russia and Iran due to tactical errors. Iran’s strategic arc has been broken, and Russia has lost important strategic points, undoing over a decade of planning.
The unrest caused gold to gap higher today, but the expectations for the U.S. economy have led to a pullback in gold prices. Despite the ongoing turmoil, if this situation continues to develop, the U.S. dollar will inevitably emerge as the ultimate winner. Gold prices may gradually retreat after reaching a peak
This is based on an analysis of the international situation, and it represents a long-term strategic outlook.
Short-Term Outlook: Due to the ongoing turmoil, gold’s safe-haven demand remains intact. Technically, 2628-2618 is an important support zone, with resistance still focusing on the 2643-2652 area.
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