Will gold be satisfied with this decline and rebound to regain its peak soon? The current drop is a natural correction after a strong rally, and the price is approaching the GAP area that was previously mentioned without closing it yet. What is happening now is an attempt by banks to save the dollar's position away from technicals. The global situation has not stabilized yet, and geopolitical tensions and economic uncertainty still persist, which supports gold as a safe haven. Summary: This decline is understood as a consolidation and correction, not a reversal signal. The market is at a decision point… and monitoring is more important than rushing.#WhoIsNextFedChair #GOLD $XAU
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Will gold be satisfied with this decline and rebound to regain its peak soon? The current drop is a natural correction after a strong rally, and the price is approaching the GAP area that was previously mentioned without closing it yet. What is happening now is an attempt by banks to save the dollar's position away from technicals. The global situation has not stabilized yet, and geopolitical tensions and economic uncertainty still persist, which supports gold as a safe haven. Summary: This decline is understood as a consolidation and correction, not a reversal signal. The market is at a decision point… and monitoring is more important than rushing.#WhoIsNextFedChair #GOLD $XAU