01/07/2026
Gold – Forming a Base Ahead of the Summer Rally
Gold has spent the past five months grinding through a deep and increasingly nervous correction, recently slipping below the closely watched USD 4,000 mark for the first time since last autumn. Yet beneath the surface, several technical and seasonal signals are now pointing towards an approaching bottom. In this analysis, we examine the latest price action, key chart levels, positioning data, and sentiment readings shaping gold’s near-term path — and explain why, despite mounting fragility across equity and credit markets, precious metals remain a vital strategic hedge heading into the historically stronger summer season.
Continue reading the latest Macro Update and Gold Analysis from Florian Grummes here 👉 https://celticgold.eu/blog/technical-gold-and-bitcoin-analysis-by-florian-grummes-37/gold-forming-a-base-ahead-of-the-summer-rally-310