Gold enters intermediate corrective phase
The host argued that gold is locked in a short-to-intermediate corrective trend characterized by active distribution and profit-taking.
The argument
Despite long-term bullish arguments, gold is making lower highs and lower lows post-FOMC. If the key $4,000 support level fails to hold, the metal could retrace further toward the 50% Fibonacci level near $3,600.
The thesis, stress-tested
✓ What validates it
- ✓Gold breaking below the $4,000 support level
- ✓Rallies consistently failing at lower resistance levels
▸ Risks discussed
- ▸Long-term structural buyers stepping in to defend key support levels
- ▸Geopolitical escalation triggering safe-haven inflows
Hear it yourself
"you know, rising inflation levels, then there's a very good chance that he would have taken a more dovish tone. Now he's he's historically been on the hawker side, more so on the balance sheet, but also on interest rates. And, you know, in in kinda later, you know, as he's kind of auditioning for the federal to a president that is known to like rate cuts and and what president doesn't, but he's particularly outspoken about it. You know, he he he made arguments for a more dovish take, at least on interest"
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