Gold is on the cusp of breaking key support, and further USD strength could drive price to $3,500/oz – Jesse Colombo
The precious metals market faces a precarious moment as gold prices hover near a critical technical threshold. Jesse Colombo, an independent analyst and founder of the BubbleBubble Report, warns that the commodity is on the verge of a substantial downward move. Colombo argues that the ongoing surge in the value of the United States dollar, alongside increasing interest rates, is creating a difficult environment for bullion. If the greenback continues its climb, Colombo suggests gold could plummet by another $400 to $500 before finding a stable floor.
Dollar Strength Drives Gold Weakness
Colombo identifies several macroeconomic factors as catalysts for the current decline in gold prices. In addition to the strong dollar and rising rates, he notes that liquidations resulting from a broader sell-off in the
Source: forexfactory.com · 2026-11-14