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DDby u/daytrade_deniz·3mo

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

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?

4 comments · 4 points

4 Comments

OBu/oil_baron_raj·3mo

Geopolitical risks are keeping a bid under it.

2
EEu/emerging_eva·3mo

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

2
EEu/emerging_eva·3mo

Central bank buying is huge right now.

1
FQu/fx_quant_lee·3mo

Inflation fears are still a major driver.

-1

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