Why Gold’s Holding Steady Despite the Drama 🤔
Analyst Adam Button from Investinglive is bummed that $XAU couldn’t hold above $5,000 this week, but hey, compared to silver’s wild ride, gold looks pretty chill. The big worry? That crazy volatility is making everyone nervous, and it might stick around for a while instead of calming down quick.
Looking ahead, the best scenario for gold next week is if things quiet down, even if prices dip a bit. Keep an eye on Iran and Ukraine for any sparks, plus Wednesday’s non-farm payrolls report. A weaker dollar could give bulls a boost. On the bright side, gold’s toughing it out through margin hikes, showing real buyer support underneath. If it hangs in the $4,500-$5,000 range for weeks or months, that’s a good sign. But watch out—gold’s usual seasonal upswing is wrapping up soon.
Gold’s showing guts here, which screams long-term strength to me. Volatility sucks short-term, but if you’re patient, that consolidation zone could set up a solid rebound. Just don’t bet the farm on quick wins—geopolitics and jobs data could swing it either way. Play it smart!
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