$XAU gold prices surged violently by nearly $300; with 84% of Wall Street going bullish, can it break up to $4,500?
This round of gold jumped nearly $300 straight up, breaking through 4300. The main driver was weak U.S. employment data, with the market betting that the Fed will cut rates.
In Kitco’s latest survey, among 19 Wall Street analysts, 84% still remained bullish. Retail investors are also following along—more than half are looking for upside—while everyone is watching the $4,500 level.
But don’t let one-sided optimism get you carried away!
On Tuesday, CPI and the subsequent PPI are the real “life-or-death” judges. If inflation data rebounds, rate-cut hopes will be dashed immediately. This big wave of gains could turn on a dime and start to bite back. When the whole market is collectively bullish, it’s often a sign that the rally may be setting a trap.
When everyone rushes to buy what they think will keep going up, you should stay alert—markets never move in line with what most people expect.
Focus on the inflation data above all; whether it’s good or bad directly determines whether we can actually reach $4,500. And if not, it could just be a spike that traps longs—#黄金挑战4380美元
This round of gold jumped nearly $300 straight up, breaking through 4300. The main driver was weak U.S. employment data, with the market betting that the Fed will cut rates.
In Kitco’s latest survey, among 19 Wall Street analysts, 84% still remained bullish. Retail investors are also following along—more than half are looking for upside—while everyone is watching the $4,500 level.
But don’t let one-sided optimism get you carried away!
On Tuesday, CPI and the subsequent PPI are the real “life-or-death” judges. If inflation data rebounds, rate-cut hopes will be dashed immediately. This big wave of gains could turn on a dime and start to bite back. When the whole market is collectively bullish, it’s often a sign that the rally may be setting a trap.
When everyone rushes to buy what they think will keep going up, you should stay alert—markets never move in line with what most people expect.
Focus on the inflation data above all; whether it’s good or bad directly determines whether we can actually reach $4,500. And if not, it could just be a spike that traps longs—#黄金挑战4380美元