💰 Record-Breaking Gold Rise! Is It Still Worth Chasing?
The price of gold (XAU/USD) is currently breaking through the level of $3,650/oz, showing a very strong upward trend in the 1-hour timeframe.
📊 Brief technical analysis:
A higher high & higher low pattern has formed → a sign of a healthy uptrend.
The breakout from the consolidation area at $3,600 has successfully propelled prices higher.
Volume and momentum continue to support the rise.
🔎 Important education:
Gold is known as a safe haven asset, so sharp increases are usually triggered by:
1. Global economic uncertainty (inflation, geopolitics, etc.).
2. Monetary policy (e.g., potential interest rate cuts).
3. Outflows from risk-on markets (crypto & stocks) into safe assets.
💡 My unique opinion:
This rise in gold may not just be a “flight to safety,” but also a signal of a shift in strategy among large investors. If gold continues to rally, it’s not impossible for crypto — especially Bitcoin — to also receive a positive effect as “digital gold.”
📌 Question for the community:
In your opinion, is this gold rally just temporary due to global sentiment, or is it a sign of the start of a new era for gold prices above $3,600 as a new standard?
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