[Event] Gold’s Wild Ride – Are You Bullish or Bearish This Week?
Gold has been on a crazy ride. It dropped hard in the last few days, then jumped back up in one big move. Now the price is above $5,000/oz and traders are very nervous.
What’s behind the move?
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Position unwinds and margin calls after a parabolic rally
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Geopolitical tension (an Iranian drone approaching a US aircraft carrier was shot down)
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A potential shift at the Fed, plus higher futures margin requirements
Analysts still see a longer-term bull trend, but in the short term, volatility is extreme. Key levels like $4,400 support and $5,000–$5,100 resistance are in focus.
So here’s the question for this week 👇
Where will spot gold $XAU/USD(XAUUSD.FOREX)$ close this Friday ? Pick ONE of the ranges below:
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A. Strong bullish – closes above $5,000
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B. Flat to slightly up – closes between $4,800 and $5,000
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C. Pullback – closes between $4,500 and $4,800
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D. Big drop – closes below $4,500
🗳 How to Join
Comment like this:
I pick A/B/C/D. My view: _____
Examples:
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“I pick B. I think gold will move in a small range this week.”
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“I pick A. Geopolitical risk could push gold above $5,000.”
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“I pick C. The price moved up too fast and may correct.”
🎁 Rewards
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Participation：Everyone who votes and leaves a comment gets 5 Tiger Coins.
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Best Ideas：We will choose 5 comments with clear and interesting views gets 100 Tiger Coins each.
⏰ Event Duration
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From February 5 to February 6 at 22:00 SGT $XAU/USD(XAUUSD.FOREX)$ $SPDR Gold ETF(GLD)$ $VanEck Gold Miners ETF(GDX)$ $Gold - main 2604(GCmain)$ $E-Micro Gold - main 2604(MGCmain)$
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After the violent drop-and-rebound we just saw, I think gold is more likely to digest gains rather than trend hard in one direction into Friday’s close. The market feels nervous rather than confident, which usually leads to choppy, range-bound trading.
The recent move looks driven more by forced position unwinds, margin pressure, and headline risk than fresh conviction buying. While geopolitical tension and Fed uncertainty still support gold structurally, the sharp rebound above $5,000 likely pulled forward short-term demand and limits immediate upside.
In this environment, I expect large intraday swings but a relatively contained weekly close, with $5,000 as key resistance and $4,800 as near-term support. Longer term I remain constructive on gold, but in the short term, consolidation makes more sense than another breakout.
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My View:
Gold sharp rebound and acceptance above $5,000 suggest strong dip buying. As long as momentum holds and risk sentiment stays elevated, gold could close the week above $5k 🚀🚀
Gold is gold 🚀🎁
Gold's reasons for its strong ascend is still around: mainly volatility, to be specific, the us president...
If anything, I am of the view that the recent slide was an overreaction to the new fed pick.
4,800.