Post #16246

Gold Forecast: The "Golden Era" Is Now Officially Behind Us When the Iran war began, the consensus was unanimous — buy gold on the open. Anyone who did has been in a drawdown ever since. Gold has fallen nearly 20% despite being the textbook safe-haven asset. The environment that fueled gold's rally has reversed. Central banks have pivoted from easing to tightening. Yields are at multi-decade highs. The holding cost of a non-yielding asset is punitive when bonds offer 4–5% risk-free. Technically, the $4,200–$4,400 zone is meaningful support. This range acted as resistance, was broken, retested, and has absorbed violent selloffs multiple times. The 200-day SMA is now converging with this level. A risk-defined long attempt at that zone becomes defensible only if the macro backdrop shifts — a ceasefire, declining yields, and central banks reopening the door to easing. Without those catalysts, gold's structural headwinds remain intact. read the full article here. — Alan