EverThoughts

GOLD🥇 The critical and most important movements for gold are around its primary trendline. Strengthening bonds and a rising US Dollar Index are traditionally a wet blanket for the precious metal. However, the other and more significant risk for gold is an outright market deleveraging event, where the most liquid assets are sold off first and questions are asked later. I have two scenarios for gold, both of which lead to much higher levels in the year, years ahead, though the risks mentioned above remain a major hurdle. The Consolidation Scenario: If the price can hold the $4,000 level and drift either slightly lower or sideways hugging the primary trendline without breaking decisively below it then it is likely to build a base and head higher over time. The Yield-dollar Driven Downside Scenario: If yields and the dollar index continue to rise, we are likely to see lower lows until a major level of structural support is reached(3400). Only after finding that floor will gold move much higher, likely sometime in 2027 or 2028. In my opinion, there is plenty of time; a solid base needs to be established first. There is absolutely no rush, as market volatility and macro uncertainty are set to pick up significantly in the short term. Nevertheless, over the long term, gold is likely heading toward $10,000, if not higher. Yours truly, The Great Martis💫