Gold Makes New All Time Highs, But Nobody Cares?

Historically, each time a major asset like Gold makes an all-time high, everyone goes crazy and talks about it. Arguments about future pricing can be seen all over social media, traders freaking out and telling everyone.

This time, and the all-time high on 26 December is very different. I had to physically look at the Gold price chart to know we have made new all-time highs, simply because there is no one talking about it, even on X (Formerly Twitter, which is the most popular place for traders to discuss events like this.

This could be due to overstimulation. Gold makes new all-time highs very frequently, and the market almost gets “tired” talking about Gold all the time.

Nevertheless, it is approaching $5,000 per ounce rapidly.

We are still a long way from $5,000, and it will likely take a few weeks before we get there, but this is a good opportunity considering there is stillness in the market currently, and as we go higher, the market will get louder and louder. This means that the price will get to $5,000 faster when more people are talking about it.

With more wars and unrest being seen all around the world, investors are looking for something safe to put their money in, and historically, Gold has been the asset that performs the best during times like this because it has no ties to one specific country. It is what we might call “natures currency”.

Silver also managed to push and create new all-time highs, which does make sense as silver usually follows directly behind gold.

The situations in Greenland & Iran are especially what is driving Gold to push higher today as the US is closely involved with these countries right now, making investors scared to put more into the dollar, so they run to Gold instead for a more “safe” option.

But, safety and caution are always the better option. With that said, remember to keep an eye closely on an asset like Gold, because chances are always present for it to rapidly fall. Currently, the most important level I would be watching like a hawk is $4,407.65, as this marks the recent low on the 4H time frame. If this low gets broken, we could see weeks or months of consolidation or even a bear market. Highly unlikely that something like this will happen, but it is still possible, and you must remain vigilant.