📣GOLD Market Outlook - Remains Bullish

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GOLD Market Outlook - Remains Bullish

Target 1 reached

Gold hit an all-time high near 3871.61. A path to 4000 seems possible as it has been moving only up for a long time and has not stopped recently since the Israeli airstrike in Qatar.

During the airstrike, gold weakened and one beautiful day, the bullish movement began without news.

I see 2 possibilities.

One, something bigger could happen, and only the big players are benefiting now because they know the information in advance. These are Trump's friends, and Israel, that is making all this mess.

The second option is just a big lie:

Geopolitical risks
Fears of a US government shutdown
Betting on a Fed rate cut is supporting gold. Furthermore, bets on further rate cuts by the US Federal Reserve (Fed) could act as a tailwind for the yellow metal, which is not yielding.

Of all these recent topics, they are all pre-estimated and the value of gold is used as a store of value against problems not against the US economy.

Just be careful as this is not a normal situation.

I can interpret this increase as all the media is doing, but I do not see them as the real factor behind the value of gold. We can't be sheep because they want to.

Gold can't be strong with good or bad US data. It can't be strong in a normal moment and in bad moments. Furthermore, during critical moments, gold has been weak and that was crazy.