Recently, the trend of gold has been strong. On one hand, with the expectation of interest rate cuts, gold, as a non-yielding asset, has become more favored. Since 1980, in 10 interest rate cut cycles, there have been 7 increases. Additionally, there is the issue of de-dollarization and doubts about the independence of the Federal Reserve. However, the trend of digital gold has shown a clear lag.
Looking at the rough edges of the big pancake and the back-and-forth candlestick patterns, one can see how difficult this period has been. However, today is Friday, and this data week is coming to an end. The next important event will be the mid-month interest rate meeting.
You've all worked hard, everyone, hang in there
