🚨 Gold's Historic Surge: $4,500 & Beyond! 🚀
$XAU Gold is crushing it – hitting a record high above $4,500 and boasting its biggest annual jump since 1979 (nearly 70%!). Meanwhile, $BTC closed the year down around 7%, a stark contrast.
Gold recently peaked at $4,520 and is now consolidating around $4,480. While bullish, momentum is cooling – RSI is rolling over, and MACD is easing. Expect a potential short-term dip, not a reversal.
Fed rate cut expectations, a weakening dollar, and global uncertainty are fueling this rally. Central banks are aggressively buying, and investment demand is surging. Key support sits between $4,450-$4,430 – a potential buying zone. Resistance at $4,500, with breakouts targeting $4,576 and even $4,708! Gold is proving its weight as a safe haven. 💰
#Gold #XAU #Macroeconomics #SafeHaven 📈
