[Christian Harris]

Gold’s taking a breather, folks! After a dizzying run of 16 record highs this year, the yellow metal dipped over 1% to $3,015 on Friday.

Don’t panic though – we’re still looking at a third straight weekly gain of 0.7%.

So, what’s behind this pullback? The greenback’s flexing its muscles, hitting a two-week high and making gold pricier for international buyers.

But let’s not forget the bigger picture: geopolitical tensions are still simmering, especially with renewed conflict in Gaza.

The Fed’s dovish dance continues, with at least two rate cuts expected this year.

And gold’s all-time peak of $3,057.21 on Thursday shows just how much momentum it’s built up.

For short-term traders, this dip could be a golden opportunity (pun intended).

Keep an eye on dollar movements and Fed chatter for potential entry points.

The long-term outlook remains bullish, but expect some volatility as markets digest recent gains.

What’s your play – buy the dip or wait for clearer signals? 🤔💰

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[Harry@KJK]

Random one but how do people here trade gold? What derivatives do you use or are people out here storing bullion in their safes lol?

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