Gold just cracked through resistance after being stuck for six months. Not getting much attention, but China's back to buying at near-record levels again. Even the ETF crowd flipped from sellers to buyers.
When Western retail is still skeptical but sovereign buyers are stacking and institutional flows reverse, that's usually not random. Gold breaking out while $DXY stays elevated and real yields are still positive? That's a positioning setup, not a momentum chase.
Watch if this holds above the breakout zone. If China keeps accumulating and ETF inflows sustain, we could see a proper leg higher into Q2.
When Western retail is still skeptical but sovereign buyers are stacking and institutional flows reverse, that's usually not random. Gold breaking out while $DXY stays elevated and real yields are still positive? That's a positioning setup, not a momentum chase.
Watch if this holds above the breakout zone. If China keeps accumulating and ETF inflows sustain, we could see a proper leg higher into Q2.