Gold Goes for Break – XAU/USD Massive Move Following $4k Support Build - FOREX.com
Gold Goes for Break – XAU/USD Massive Move Following $4k Support Build - FOREX.com
Source: FOREX.com
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DW NOTE
Gold rallied to $4,309, but the headline misses the actual story: it's still 19% below the January peak of $5,318. The Strait of Hormuz has been functionally closed since February, moving two ships last week instead of the normal 73 per day — and WTI is down 11.63% to $74.64. Either the Hormuz closure was never as tight as advertised or someone is replacing 15-20% of global oil supply with no fanfare. Gold's move looks less like a breakout and more like investors doubting their own crisis narrative.