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STOCK MARKET SHOCKER: GOLD HITS ROCKY ROAD AFTER TRUMP’S FURY!
Following an explosive market recovery on Friday, prices took a tiny dip—yet they’re still holding firm thanks to dramatic developments! The firing of the BLS chief by President Trump—who blasted the agency for political meddling—has shaken investor confidence. Plus, the abrupt exit of Fed Governor Adriana Kugler has sent shockwaves, potentially steering the Fed’s future decisions into tumult!
EUROPE ON THE RISE: WILL GOLD KEEP IT TOGETHER?
Risk appetite has perked up, as European stocks and futures bounce back in Monday’s session! Despite Friday’s chaos that sent investors into panic, the Swiss franc is lagging, posing questions about gold’s ability to extend its Friday surge. Gold bears are waiting for a fresh signal to jump back into action—can they find what they’re looking for?
DOLLAR DRAMA AHEAD—BUT WHERE’S THE DATA?
All eyes are on the US dollar as the market reels from the fallout of Kugler’s resignation and Trump’s shocking dismissal! We’re in for a quiet week on the macro front, with US factory orders releasing soon. Meanwhile, Europe faces disappointment as the Sentix Investor Confidence index takes a nosedive—falling to -3.7 instead of the predicted +6.2! Will optimism ever make a comeback?
GOLD’S TURBULENT TREND: FRESH TRIGGERS NEEDED!
Gold’s tenacity is nothing short of captivating—despite a stable equity market post-EU-US trade agreement, investors remain wary! With higher tariffs hitting countries like Switzerland, the safe-haven allure of gold is still strong. However, gold’s meteoric rise now begs the question: what’s next? It’s in desperate need of a game-changing catalyst to soar beyond the astronomical $3,500 milestone from April.
SHORT-TERM TECH TROUBLE: GOLD MAY BE LOSING STEAM!
Gold’s latest surge has seen it breach key resistance levels and climb above the 21-day moving average! But for the bears to regain control, they’ll need to push prices below the critical $3,300 mark fast. Watch for support at $3,335—any slip below could spell serious trouble!
LONG-TERM PREDICAMENT: BULLS OR BEARS?
Taking a step back, gold’s monthly chart shows it’s still strong, yet we’ve seen a troubling lack of decisive movement. Those doji candles signal confusion in the market! Are we at the brink of a major turning point? With RSI levels skyrocketing above 85.00, historical patterns suggest a pullback could be on the horizon!
FINAL THOUGHTS: WILL THE BEARS ROAR BACK?
The charts may look alright, but there’s a looming sense of exhaustion in the air. That break below the $3,300 level is a necessary condition for the bears to stampede back! Buckle up! The market is far from settled, and investors should keep their eyes peeled for what comes next!
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