Surge of Gold

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Surge of GoldGoldOANDA:XAUUSDrealanthonycXAUUSD Gold tends to move fast and smooth once a trend gets going. I caught this rally late this time, which motivated me to build the Gold Macro Bias (GMB) indicator that tracks volatilities, real yields and dollar strength with alerts so I can spot the next move earlier. This latest jump was mostly driven by fresh Treasury buybacks, debt passing $40T, and a weaker dollar. The 30Y yield's new high forced policy intervention, with the resulting drop in real yields fueling the move. I expect some consolidation or a small dip. But as long as price holds above support, the overall trend is intact. I'll be watching closely early next week for an opportunity to scale in. If the dollar stays weak, further upside over the coming weeks still looks realistic.