Disliked{quote} gold will not rise on rate cuts. it will only react to war news and economy news going forward. good economy gold rallies. bad economy gold fallsIgnored
Gold will rise on both.
I agree it will most likely rise during further war escalations, some even say China is buying a Lot of gold now to hedge against Future sanctions once they invade Taiwan same as russia did befor getting into conflicts with Ukraine.
But your missing the Key point, we are trading Gold against USD, a weaker USD means you need more usd to buy the same ammount of gold (higher prices)
The usd is Key, ask your self why was The average Home price 90k$ - 110k$ during 1980s. Why was the gold price 400$ during 1980s?
Why is the average Home price 400k now? And why did the gold price move along with the same ratio?
Very simple, its all about the value of the USD, the usd lost a Lot of value since 1970-1980, thats why everything is going up exponentially, doesnt matter if Gold, realestate or the nasdaq.
Look at the argentinian or Turkey Stock market, it Explodet during Inflation, becouse you need more currency to buy the same ammount of shares (higher prices)
During the 1970s Inflation Problem gold went from 35$/oz to 850$/oz
During this current Inflation Problem, i belive gold can easaly move to 3000$/oz, specially during a policy mistake (rate cuts) and other countrys moving away from the USD
1k to 100k Copy Trading All Time Return:
367.9%
3
GOLD ANALYSIS
consolidating in the range. The support level at 2300 remains a 
key level, with bulls likely to step in on any pullback.
Next week attention will also be on the resistance zone just above 2400, with a potential break above signaling a move towards 2500.
bullish candle forming near this level, highlighting its importance as a support area.
️Fibonacci 61.8% golden zone. These factors suggest that the market may need some 
time to gather momentum before potentially making a move.
