Last week was a bearish one for XAUUSD, following a strong bullish surge the week prior. The key question now is: can gold reclaim the highs it reached two weeks ago?
From a macro perspective, institutions remain net long and have even increased their long positions, signaling continued confidence in gold as a safe-haven asset. On the geo-economic front, tensions in the Middle East persist, with growing involvement from the U.S., adding to the uncertainty that typically supports gold prices.
Personally, I maintain a bullish bias on XAUUSD for now, supported by both fundamental and geopolitical drivers. However, if the landscape changes — whether through technical invalidation or shifts in sentiment — I’m prepared to adapt accordingly.
From a macro perspective, institutions remain net long and have even increased their long positions, signaling continued confidence in gold as a safe-haven asset. On the geo-economic front, tensions in the Middle East persist, with growing involvement from the U.S., adding to the uncertainty that typically supports gold prices.
Personally, I maintain a bullish bias on XAUUSD for now, supported by both fundamental and geopolitical drivers. However, if the landscape changes — whether through technical invalidation or shifts in sentiment — I’m prepared to adapt accordingly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.