Gold: Warning #1 Issued

After an absolutely stellar run since November of 2022, has Gold finally topped out?

Recent Price History…

Gold extended significantly over the past 2.5 years, moving from a low of $1,620 to a high of $3,590 USD per ounce.

This represented an increase of +116% as financial markets traversed uncertain times and a continued high-inflationary environment.

Bullfinder AI Tech’s Momentum Reading…

With the price of Gold recently dropping beneath the $3,300 USD mark, our Tech has issued a Warning, re-rating Gold’s official momentum away from ‘Bullish’, to now ‘Warning’.

Although not a ‘Bearish’ rating of momentum, this recent indication from our tech does highlight a potential cause for concern and additional consideration.

Warning Territory…

Although this may not be the exact top of Gold’s current run, the Warning re-rating may indicate heightened risk for those looking to get involved at such heights.

Caution may therefore be warranted in and around current heightened price levels.

What’s next for Gold? Stay tuned for further updates…

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