UPDATE: Gold target on the way to 3,337

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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.

Feragatname

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