Gold $PAXG closed last week on an unusual rise, recording about 4983 dollars per ounce
And with the conversion of April contracts... the price actually exceeded 5000 and approached 5017
What’s happening is not a fleeting movement, it’s a real shift in the market
Political tensions after Davos
Trump's statements increased the concern
And the loss of confidence among major countries made investors abandon risk and seek safety
At the same time, the US dollar weakened and broke important supports
And this always benefits gold, as money flows out of America and seeks value-preserving assets
Poland itself announced its intention to increase its gold reserves to 700 tons
Because no one can freeze or politicize it... and this is a very strong message to the market
Technically
Breaking the 4400 level opened the door for a new upward wave
A target of 5400 became logical
And with the continued weakness of the dollar, 6000 is not a fanciful number
Especially since silver started to move along with it
For those thinking about trading
Risk management is important
And smart entry is with corrections, not at peaks
What’s happening is not a bubble
It’s a re-pricing of the market
And gold is clearly the star of the next phase
My question to you
Do you see the rise continuing or are we close to profit-taking?
Quick notes and tips:
– Always try to link the analysis to global events
– Ask a question at the end of the post to increase interaction
– Don’t forget that trading is your decision and responsibility
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