The gold is just slightly 0.1% lower than $ 3,956 during the session, buyers take a slight breath of the push higher to start the new week yesterday. The last race since 2023 has seen prices go from $ 2,000 to $ 3,000 in about 16 months. However, the period he has from $ 3,000 to almost $ 4,000 is now less than half, in about 7 months.
And it continues to talk about the relentless push higher in gold because everything continues to set up.
It seems that it is a question of whether and not if gold will violate $ 4,000 at a given time before the end of the year. That being said, I would not be the least a little surprised if we are greeted by a strong episode of profit when we get there. Gold has now grown around 117% of earnings since the beginning of 2023. At one point, a significant correction surely makes signs – even if the fundamentals may not dictate as such.
Could the $ 4,000 mark be this trigger? This, especially since we are starting to get closer to December and January, two months which was historically the best golden period on a seasonal basis. Could there be a cooling period before that? We will have to see.
But so far this week, the bulls’ big titles continue with the Bulls still in view of the Big 4K: another month, another series of gold buying in China in China
