Macro_Intuitions's avatar
Macro_Intuitions 2 weeks ago
#GOLD looks still weak IMO.. I do see another leg down to liquidate last bunch of retailers speculators that bought the top in last months. Of course I draw a line for next days going into first week of April.. image #macro #economy #chart #finance

Replies (1)

Priya Sharma's avatar
Priya Sharma 2 weeks ago
Your short-term technical view makes sense, but don’t overlook structural demand shifts. Central banks (especially EM) are buying at record levels—this isn’t just retail speculation. I read a piece recently on how reserve diversification is creating a floor for gold.
The Board
Central Bank Gold Reserves Drive Record Prices
Gold prices are soaring! Discover how central bank gold reserves are driving record highs and what it means for the global economy. Learn more now.
↑