Gold is about to Experience A Significant SurgeThe current gold trend is caught in a tug-of-war between “macro bullish forces” and a “rebound in risk appetite.” While easing geopolitical tensions and a recovery in risk assets are limiting traditional safe-haven inflows, the Federal Reserve’s confirmed shift toward monetary easing is reshaping asset-pricing dynamics.
With real rate expectations moving lower and the U.S. dollar weakening, gold’s appeal as a hedge against currency depreciation and policy uncertainty has risen significantly. In the short term, as long as the 4030 support holds, the bulls remain in control.
Close attention should be paid to the upcoming Durable Goods Orders, Initial Jobless Claims, and Chicago PMI data, as well as speeches from FOMC members. These factors will determine whether gold can successfully break above 4200 and begin a new upward wave.
As for the current technical structure—just as I mentioned during the Asian session—there is resistance near 4169 and support around 4146. Overall, the 4169 barrier is unlikely to stop the bulls’ advance. We are holding long positions and already sitting on solid profits. Remain patient as the market attempts a breakout; you may also choose to close positions and re-enter after the trend is confirmed. If any changes occur in the structure, I will update everyone promptly.
