Gold Outlook / Jin Jingwen

From a macro perspective, several key market signals are currently suppressing gold: the US-Iran conflict is gradually winding down, and geopolitical risk-off sentiment is cooling; market expectations for Fed rate cuts are continuously weakening, and markets are even beginning to reprice the possibility of rate hikes; coupled with currently elevated physical gold jewelry prices and limited fund inflows.

On the other hand, the crypto market is stabilizing and warming up after five consecutive months of declines, with a clear capital reallocation effect.

From a technical standpoint, gold is currently facing a weekly-level death cross, and medium-term weakening signals have already emerged.

Considering the fundamentals, capital flows, and technical analysis comprehensively, I am not optimistic about gold's short-term trend and am currently taking a bearish stance! #Gate广场AI测评官 #加密市场上涨 #比特币站上七万美元