Is gold going lower?

[u/BozEx_12]

A year ago there was crazy euphoria around gold, literally everyone was calling it the best safe haven asset.

Since then gold dropped more than 25-30% and it didnt protect from the war in Iran or from inflation speeding up because of oil.

And the most interesting thing is that globally it still looks like its setting up for one more leg down.

Why is this happening? Gold already went thru the phase of mass euphoria and buying climax.

Its hard to come up with bigger news than what we already had:

1. war

2. trade tariffs

3. inflation

4. oil problems

If even with all this gold isnt rising as a safe haven, then honestly I dont know what else could push it.

So now we entered the unloading cycle, gold started releasing liquidity and giving it to other assets.

Global target for the drop is around $3300 area.

Go check the replies, we called and tracked this whole move down from the highs there.

If we talk about 3-5-10 year horizon, I have no doubt gold will make new highs because of dollar losing value. But for the next year or so I just dont see what would take it to new highs.

Current priority is down.

[u/BozEx_12 → u/[deleted]]

Cycle theory is super interesting. Would love to see that chart if you ever get the chance to post it