Gold Extends Its 8-Week Winning Streak

5 giorni fa

👋Hello everyone, what are your thoughts on XAUUSD ?

Over the past week, gold prices climbed close to the $4,400 mark before pulling back sharply and closing the week around $4,250, up $223 from the weekly open of $4,022 — nearly a 6% gain, marking the eighth consecutive week of growth. Despite the volatility, Main Street investors remain confident that the precious metal will continue to rise this week.

Trade tensions and geopolitical uncertainties have been the key drivers supporting gold’s rally. Meanwhile, the Fed’s rate cut and the U.S. government shutdown have strengthened the dollar while simultaneously providing support for gold prices.

At the time of writing, gold is fluctuating around $4,255, showing little change since the start of the session. Overall, the bullish trend remains intact, and as long as the confluence zone holds, buying opportunities are still favored.

What about you — what’s your outlook on XAUUSD? 💬Share your thoughts in the comments below, and let’s discuss!
Good luck!

4 giorni fa

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