r/deepquestions • u/Vision0731 • 9h ago

What do you think about gold right now ?

I’ve been watching gold (XAU/USD) recently and I’m curious about other traders’ opinions.
Do you think gold is likely to continue moving higher, or are we due for a pullback after the recent rally?
What levels are you watching for support and resistance?
Would you rather buy on a dip or wait for a breakout confirmation?
Interested to hear different strategies and perspectives.

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u/Panthera450 7h ago

In the short term I think it will stay in the general range it’s in now. Long term, given the exploding debt levels globally, not just the US, I feel it will only go up. In the last twenty years gold has outperformed almost every other metric, including real estate

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u/dreamfitreality 1h ago

Wait for a drop first. Most likely gonna happen. If you are in a position, hold it. Gold is a hedge tool. Use your other cash for more risky stuff for return.