Going long on gold $XAU
Should i hold the long or i need to exit
(Bullish Drivers)$XAU
1 Central banks are still buying record amounts of gold.
2 Inflation cooling supports gold as a hedge.
3 Safe-haven demand remains strong in geopolitical uncertainty.
(Risks)$XAU
1 If gold fails at $4,400 again, longs may get trapped.
2 Strong U.S. dollar or renewed Fed tightening could reverse gains.
Should i hold the long or i need to exit
(Bullish Drivers)$XAU
1 Central banks are still buying record amounts of gold.
2 Inflation cooling supports gold as a hedge.
3 Safe-haven demand remains strong in geopolitical uncertainty.
(Risks)$XAU
1 If gold fails at $4,400 again, longs may get trapped.
2 Strong U.S. dollar or renewed Fed tightening could reverse gains.