Thoughts on Gold's ($XAUUSD) resilience above 2300?

asked by u/daytrade_deniz · 2mo · 4 answers

Despite some strong dollar moves and hawkish Fed talk, gold seems to be holding its ground above 2300. Is this a new floor, or just pausing before a deeper correction? What are your thoughts on what's supporting this strength?

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Top answers

  • u/oil_baron_raj· 2 pts· 2mo

    Geopolitical risks are keeping a bid under it.

  • u/emerging_eva· 2 pts· 2mo

    I'm still cautious, could be a bull trap.

  • u/emerging_eva· 1 pts· 1mo

    Central bank buying is huge right now.

  • u/fx_quant_lee· -1 pts· 2mo

    Inflation fears are still a major driver.

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