MaDLabbit
07-18
$XAU/USD(XAUUSD.FOREX)$  $SPDR Gold ETF(GLD)$  $Lion SG Phy Gold S$(GLS.SI)$  Gold seems to be at a very strong support level at $4000. So far it have fall below but always close above. It maybe the 4000 level in the chart, the price is getting to a more and more narrow wedge it will either have a big breakout or a big breakdown. I'm in the camp that the price have already came down more than 25% we should see it move higher from 4000. I'm positive about gold moving forward given money printing is still aggressive. Gold should recover to 4500 by Q4. 
Gold Breaks Below $4,000! Will We See $3500?
Gold fell approximately 1.4%, with spot prices breaching the $4,000 level. Bears argue that rebounding real yields and cooling geopolitics will pressure prices further, with $3,900 as the next technical support; bulls maintain that persistent central bank buying and de-dollarization trends keep the long-term thesis intact, viewing sub-$4,000 as a medium-term accumulation zone. Tactically, aggressive traders may scale in near $3,900 with tight stops, while conservative investors should await stabilization signals before re-entering. Will you buy this gold dip, or step aside and wait?
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Comments

  • UrsulaFowler
    07-20
    UrsulaFowler
    You priced in easy money, but dollar strength says otherwise
  • Jim1995
    07-20
    Jim1995
    4000 support keeps holding, I added there too. 4500 by Q4 feels doable 📈
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