Gold buying deep?
Maybe, trends are too much volatile these days. But with US-Iran talking, things are de-escalating. That's why gold prices are calming down a bit.
Buying the dip in gold only works if the bigger trend is still intact. Right now the drop looks more like a cool-off after a strong run, helped by easing geopolitical tension and short-term profit taking. If gold holds key support and the dollar or yields start weakening again, dip buying makes sense. If support breaks, there’s room for more downside so scaling in slowly is safer than going all-in.
We really don’t know much here and sideways movement could follow before any clear direction. Jumping in early can just get you stuck in chop. I’d rather wait for confirmation or a proper structure to form than try to catch the bottom.
