by u/daytrade_deniz·17d

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 · 52 points

4 Comments

u/oil_baron_raj·16d

Geopolitical risks are keeping a bid under it.

u/fx_quant_lee·14d

Inflation fears are still a major driver.

u/emerging_eva·14d

Central bank buying is huge right now.

u/emerging_eva·15d

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

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

4 Comments

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