Gold continued its decline on Friday, and the underlying logic is quite straightforward. On one hand, US economic data performed well, and market expectations for the Federal Reserve to continue cutting interest rates began to cool; on the other hand, tensions in Iran eased, and investors' demand for safe-haven assets also decreased. The combination of these two factors has put obvious pressure on gold prices. Simply put: a strong dollar + geopolitical easing, the support for gold is clearly insufficient. In the short term, this downward pressure is likely to persist unless upcoming US economic data show signs of weakness or geopolitical tensions reignite, otherwise the upward momentum for gold is limited.
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DegenWhisperer
· 9h ago
A strong dollar always causes gold to kneel; this logic makes sense.
When geopolitical tensions ease and risk aversion declines, it's a typical chop-and-sell pattern.
Wait, how low can it really go? Seems like there's still a bottom, right?
Even with strong US data, we need to be cautious; don't be fooled by the data.
So, is it still safe to buy the dip now? Or should we wait patiently for signals?
This move looks like a trap to lure more buyers, it feels like a reversal is coming.
Why is it always like this? When things slow down, the market crashes—so predictable.
It's normal for gold prices to struggle to hold up; the key is what the Federal Reserve says next.
Short-term pressure is high, but don't forget that inflation is still present.
Is now actually a good time to jump in? The bottom seems to be floating around.
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EyeOfTheTokenStorm
· 9h ago
Once again, the US dollar's strength is suppressing gold prices. This wave has indeed broken the technical support, and the short-term bearish trend is clear.
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BtcDailyResearcher
· 10h ago
A strong dollar always causes gold to suffer, this trick is getting old.
When geopolitical tensions ease and safe-haven funds flow out, gold becomes a bit awkward now.
It's not too late to buy after US data crashes; there's no clear opportunity in the short term.
Really, holding gold right now still feels a bit risky.
The problem is, when will the Federal Reserve finally soften? I'm waiting so long that my flowers have withered.
This wave is just the dollar staying strong and pressuring gold prices, it's pointless.
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StakeTillRetire
· 10h ago
The strong dollar this time is a bit absolute; gold really can't hold up.
Wait, isn't the Federal Reserve still not cutting interest rates? Then doesn't that mean I have to wait to die with my holdings?
Geopolitical easing comes and goes, and the safe-haven demand evaporates in a second. I get this logic now.
During periods of a strong dollar, those holding gold are living through blood and tears.
There's no hope in the short term unless the economy suddenly crashes to save the gold price.
Honestly, in this environment, you need to be a bit brave to invest in gold.
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NFTFreezer
· 10h ago
A strong dollar is killing gold prices. There's really no suspense in this wave; it should have fallen long ago.
Gold continued its decline on Friday, and the underlying logic is quite straightforward. On one hand, US economic data performed well, and market expectations for the Federal Reserve to continue cutting interest rates began to cool; on the other hand, tensions in Iran eased, and investors' demand for safe-haven assets also decreased. The combination of these two factors has put obvious pressure on gold prices. Simply put: a strong dollar + geopolitical easing, the support for gold is clearly insufficient. In the short term, this downward pressure is likely to persist unless upcoming US economic data show signs of weakness or geopolitical tensions reignite, otherwise the upward momentum for gold is limited.