Gold has finally started to turn more bullish this time.
Not because it jumped more than 3% in a single day.
Rather, it has finally broken upward through the downward structure that had been suppressing it for months.
Spot gold is currently around $4,265,
which has reached its highest level in nearly seven weeks.
Why has this move suddenly gotten strong?
First, U.S. Treasury yields are moving lower.
Second, the U.S. dollar is weakening.
Third, easing tensions between the U.S. and Iran, and falling oil prices—
causing the market to start pricing in again that:
inflation pressure is easing, and the Fed is less likely to keep hiking rates.
Plus, ADP employment came in at only 44,000.
With several factors pushing at the same time,
Gold finally moved.
Now, watch two levels:
On the downside: around 4,200—4,220.
As long as it pulls back and still holds,
I'll continue to recognize this breakout.
On the upside: first, 4,300—4,350.
If it can build volume and hold above 4,300,
this rebound still has room to extend.
But don't ignore one thing:
Friday's nonfarm payrolls is the real test.
If the data comes in unexpectedly strong, and Treasury yields rise again,
this breakout could be knocked back quickly.
So my view is very clear:
Above 4,200, I’m slightly bullish in the short term.
If it falls back below 4,200 and can’t reclaim it,
then the breakout view is invalid.
The most interesting part right now isn’t “how much” gold has risen.
It’s this—
after yields on U.S. Treasuries have stayed so high,
capital is starting to be willing to buy gold again,
a piece that doesn’t pay interest.
$XAU $BTC
#黄金 #BTC #美联储何时降息？ #黄金突破下行趋势线
Not because it jumped more than 3% in a single day.
Rather, it has finally broken upward through the downward structure that had been suppressing it for months.
Spot gold is currently around $4,265,
which has reached its highest level in nearly seven weeks.
Why has this move suddenly gotten strong?
First, U.S. Treasury yields are moving lower.
Second, the U.S. dollar is weakening.
Third, easing tensions between the U.S. and Iran, and falling oil prices—
causing the market to start pricing in again that:
inflation pressure is easing, and the Fed is less likely to keep hiking rates.
Plus, ADP employment came in at only 44,000.
With several factors pushing at the same time,
Gold finally moved.
Now, watch two levels:
On the downside: around 4,200—4,220.
As long as it pulls back and still holds,
I'll continue to recognize this breakout.
On the upside: first, 4,300—4,350.
If it can build volume and hold above 4,300,
this rebound still has room to extend.
But don't ignore one thing:
Friday's nonfarm payrolls is the real test.
If the data comes in unexpectedly strong, and Treasury yields rise again,
this breakout could be knocked back quickly.
So my view is very clear:
Above 4,200, I’m slightly bullish in the short term.
If it falls back below 4,200 and can’t reclaim it,
then the breakout view is invalid.
The most interesting part right now isn’t “how much” gold has risen.
It’s this—
after yields on U.S. Treasuries have stayed so high,
capital is starting to be willing to buy gold again,
a piece that doesn’t pay interest.
$XAU $BTC
#黄金 #BTC #美联储何时降息？ #黄金突破下行趋势线