whenwillgoldsilverrebound

Will Gold Retest $4,000?

Gold is currently in the $4,800-$5,000 zone. If it breaks the strong support at $4,400 and closes below it, then the probability of retesting $4,000 will increase to 80-90% according to technical charts.

If the US Federal Reserve postpones the announcement of interest rate cuts or remains hawkish on controlling inflation, the dollar will strengthen. This will quickly push the price of gold towards $4,000.

If there is a major collapse in the stock market or crypto market, big investors sell gold to collect cash to cover their losses. If such panic selling starts, gold can easily touch $4,000.

Silver manipulation has been detected on the Shanghai Exchange. If this kind of manipulation spreads across the metals sector and investor confidence drops, gold could test the $4,000 level in a major "shakeout" to flush out the weak hands.

Simply put, if the 4,400 support holds, gold will bounce back from here, otherwise just close your eyes and wait for a retest of $4,000 ;$XAU $XAG #RiskAssetsMarketShock #whenwillgoldsilverrebound