š The $VIX has calmed down lately, even though thereās still a lot of uncertainty out there.
-> That matters because when the $VIX (a.k.a. the marketās āfear gaugeā) spikes, gold usually moves higher. Investors often rush into gold as a safe haven when things feel shaky.
Right now, gold sentiment is still pretty strongābut the technical indicators are sending mixed signals. The MACD is bearish and the CRSI is neutral, which suggests momentum isnāt quite there yet for a breakout.
So whatās the takeaway?
If volatility comes roaring back, we could see gold pop. But without a big market shock or strong buying pressure, any rally might fizzle out fast.
