Is There Any Ceiling for Gold? – Orbex Forex Trading Blog

In the 1960s, Stanford computer scientist Roy Amara told his colleagues that the effect of advances in technology is never fully understood. Or in other words, ‘we overestimate the impact of technology in the short term and underestimate the effect in the long run’. In this context, a May 2024 paper from Krissy Jones (co-founder…

The assumption about the formation of a correction within a certain price range turned out to be wrong. The dollar managed to sharply activate and strengthen its positions quite well. True, the price remained within the current large correctional structure. Perhaps this correction still takes the form of a double zigzag. The growth observed at…

At the opening of Monday’s session on 12 January, gold (XAU/USD) gapped higher and briefly moved above the psychological $4,600 level, setting a new all-time high. Bullish drivers: → Geopolitical tensions. Following developments in Venezuela, market attention has shifted to unrest in Iran and renewed discussion around the United States’ interest in Greenland, whether through…