Shyon
03-24
I’m not rushing to buy this dip yet. With the US Dollar Index above 100 and rate cuts pushed out, liquidity is tight and gold stays under pressure. The oil shock from the Strait of Hormuz also means institutions may prefer cash over gold—this still feels like forced unwinding, not a clean bottom.

History may rhyme, but I’m not calling a reversal yet. The extreme positioning and the spike in iShares Silver Trust $iShares Silver Trust(SLV)$ volume suggest liquidation isn’t fully done. With gold previously trading far above its long-term average, this looks more like a valuation reset than a quick dip.

I’d rather be late than wrong. I’m watching $4,000, but waiting for confirmation like a weaker dollar or Fed shift before scaling in. For now, capital preservation comes first.
$SPDR Gold Shares(GLD)$ $SPDR Gold MiniShares Trust(GLDM)$

@Tiger_comments @TigerStars @TigerClub

Gold Rebounds — Take Profits or Keep Holding?
Gold prices rebounded strongly, snapping a nine-day losing streak, as reports emerged that the U.S. is seeking a ceasefire to advance diplomatic negotiations. Gold rose as much as 2.2%, climbing back above $4,570 per ounce, extending the previous session’s 1.6% gain. Trump stated that Iran has presented a “gesture of goodwill” for negotiations, related to energy transportation through the Strait of Hormuz. According to Axios, Washington and regional mediators are discussing the possibility of high-level peace talks as early as Thursday, though they are still awaiting Tehran’s response.
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