Gold is sitting right at its 200-day moving average.
Yes, the last time we were here turned out to be a great buying opportunity…. but I try not to get too fixated on technical levels alone.
What stands out to me is how dramatically sentiment has shifted.
Just a few months ago, gold was one of the market’s favorite trades.
Today, it feels almost completely forgotten.
Not to steal from Buffett, but I'm starting to get greedy while others are becoming fearful.
https://t.co/P4sfxoqBM9
Gold & silver are down again as war escalates, sending oil prices higher and peace further away. But continued war means a weaker economy, bigger budget deficits, higher inflation, higher nominal interest rates but falling real rates, all of which are bullish for precious metals.
La position du Gold est entrain de se restructurer autour des 4500$
Une nouvelle impulsion majeure pourrait surprendre beaucoup d’investisseurs qui pensent le rally du Gold terminé.
Hong Kong plans to launch a new gold-clearing system by July, advancing the city’s ambitions to become a global hub for bullion trading https://t.co/HGfXvXzvO6
L’once d’or se rapproche encore une fois d’une énorme zone technique.
Depuis plusieurs mois, les 4 330-4 360$ jouent un rôle clé sur le marché :
→ ancienne résistance devenue support
→ multiples réactions acheteuses sur la zone
→ et désormais convergence avec la MM200 journalière
Plusieurs signaux techniques commencent à se superposer au même endroit.
Pour l’instant, la correction reste en cours.
Mais si le marché continue de souffler, cette zone sera clairement à surveiller de très près.