Gold just punched through key resistance despite yields climbing — not the typical playbook. Goldman's calling it "China re-engagement" but let's be real: when Western macro gets messy and the dollar looks shaky, gold doesn't need permission from bonds.
China's been quietly stacking. Central banks globally have been buyers for months. And now technicals are confirming what the smart money already knew.
This isn't your 2020 inflation hedge narrative. This is structural repositioning. If you're still waiting for a pullback to get in, you might be chasing $2,800+ soon.
Watch DXY and real yields closely. If they break lower together, gold's next leg could be violent. $GLD $GDX
China's been quietly stacking. Central banks globally have been buyers for months. And now technicals are confirming what the smart money already knew.
This isn't your 2020 inflation hedge narrative. This is structural repositioning. If you're still waiting for a pullback to get in, you might be chasing $2,800+ soon.
Watch DXY and real yields closely. If they break lower together, gold's next leg could be violent. $GLD $GDX