Gold is experiencing a textbook breakout, with strong fundamentals and geopolitical shifts influencing its upward trend | Metals Mine

  • Gold is experiencing a textbook breakout, with strong fundamentals and geopolitical shifts influencing its upward trend

    From vtmarkets.com

    Gold has experienced a strong breakout, continuing a long-term bull market trajectory that began post-pandemic at $2000. After reaching a record high of $3500 in April and a five-month consolidation, gold is rising again due to anticipated changes in US fiscal and monetary policies. The current breakout’s target is projected to be $4000, based on the measured consolidation range. Recent market activity supports this estimate, with a minor dip presenting an opportunity for engagement. Compelling Fundamentals Driving the Market: Compelling fundamentals, including shifts in the global trade order, are influencing the ... (full story)

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