🔥 BULLISH: GOLD JUST TOUCHED $4,400
And the macro backdrop is getting VERY interesting.
Gold briefly climbed back above $4,400 as expectations for Fed rate hikes faded.
The last time gold traded above this level was in early June.
Then it collapsed below $4,000 later that month.
Now it’s back.
Markets are repricing rates.
Gold is ripping higher.
And investors are watching closely to see whether this breakout has staying power.
$4,400 could be more than just a number.
It could be a warning that the next major macro move is already underway.
#Gold #Bitcoin #Crypto #Fed #Finance $XAUT $XAU
And the macro backdrop is getting VERY interesting.
Gold briefly climbed back above $4,400 as expectations for Fed rate hikes faded.
The last time gold traded above this level was in early June.
Then it collapsed below $4,000 later that month.
Now it’s back.
Markets are repricing rates.
Gold is ripping higher.
And investors are watching closely to see whether this breakout has staying power.
$4,400 could be more than just a number.
It could be a warning that the next major macro move is already underway.
#Gold #Bitcoin #Crypto #Fed #Finance $XAUT $XAU