What move gold - FA trading journals.

This week, gold started by breaking its all-time high (ATH) with a gap and continued its bullish movement for three days before making a minor correction. Today, it started moving back toward the previous high again.

This movement has been effectively driven by geopolitical issues between the United States and several European allies. These tensions have also pushed the DXY into a bearish trend, keeping the dollar index below 99.9 as we know that gold and DXY has inverse relation between them.

The "Greenland Standoff" & tarifff threats has give the most significant driver gold movement this week . Eight European nations inclduding Denmark , France , Germany , and the UK has formally opposed the proposal of US president Donald trump's proposal to acquire Greenland. The cause US administration threatened a 10% tariff on import from these country from Febuary 1 , with potential to rise to 25% by June. This fleed gold to new high recorded near $4,900 per ounce earlier this week.

The US president recently clarified that US would not use military force or agressive measures beyond trade to persue the Greenland acquisition which drive gold retreat roughly between $4,800 - $4,820.

• The Davos Effect and global risks has reinforced the bullish sentiment for gold (The world Economic Forum (WEF) meeting currently taking places in Davos-

All the information being updated in internet and the graph being screenshot from TRADINGVIEW website.

This journal is purposely being record here as my journal learning and understanding the fundamental analysis that move the gold market.