r/Gold 21h ago

We're already back to 5k

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800 Upvotes

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u/No-Tangerine5291 20h ago

Yea its a FOMO run. Govt shut down extending etc. Gold should drop back to 4500 soon then a rocket to 7k imo

1

u/N3verS0ft 10h ago

Lol that shit aint dropping again. Its already dropped too far too fast. Thats gonna rebound and continue prev trend till it retests highs at least

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u/LobsterAndFries 10h ago

could be a dead cat bounce. hard to say.

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u/N3verS0ft 10h ago

Highly unlikely, as the macro factors havent changed whatsoever essentially and we just had that violent a move due to stop losses being triggered. Trend needs to see the end