🚨 CHINA KEEPS BUYING GOLD… SO WHY IS GOLD STILL FALLING? 😋🌚
The world's central-bank buying story isn't over.
🇨🇳 China's central bank added 25.8 tonnes of gold in October, extending its buying streak to 24 consecutive months.
But here's the twist…
📉 On November 10, spot Gold dropped approximately 2.1% to $4,051.50/oz.
What's putting pressure on Gold?
💵 A stronger US dollar
🏦 Rising Treasury yields
📊 Hotter-than-expected US inflation
⚠️ Growing expectations of tighter Fed policy
MARKETLENS VIEW: SHORT-TERM BEARISH, LONG-TERM SUPPORTIVE.
Central-bank accumulation supports the bigger demand narrative, but it doesn't automatically stop short-term corrections.
Gold bulls have a strong long-term story. But right now, the dollar and yields are demanding attention too. 😂
TRADERS: Is this a temporary correction in a bigger accumulation story, or could Gold face another leg down?
#MarketLens #Binance #Gold #XAUUSD #centralbank
$XAU $BTC $ETH
The world's central-bank buying story isn't over.
🇨🇳 China's central bank added 25.8 tonnes of gold in October, extending its buying streak to 24 consecutive months.
But here's the twist…
📉 On November 10, spot Gold dropped approximately 2.1% to $4,051.50/oz.
What's putting pressure on Gold?
💵 A stronger US dollar
🏦 Rising Treasury yields
📊 Hotter-than-expected US inflation
⚠️ Growing expectations of tighter Fed policy
MARKETLENS VIEW: SHORT-TERM BEARISH, LONG-TERM SUPPORTIVE.
Central-bank accumulation supports the bigger demand narrative, but it doesn't automatically stop short-term corrections.
Gold bulls have a strong long-term story. But right now, the dollar and yields are demanding attention too. 😂
TRADERS: Is this a temporary correction in a bigger accumulation story, or could Gold face another leg down?
#MarketLens #Binance #Gold #XAUUSD #centralbank
$XAU $BTC $ETH
