Gold traded near $4,110 per ounce on Friday, hovering above critical support after briefly dipping below $4,000 in late June. Robert Kiyosaki continues forecasting a dramatic surge to $35,000—representing a 750% gain—driven by his five-year collapse scenario. The “Rich Dad Poor Dad” author initially claimed he’d called the bottom on June 27, then reversed two days later admitting “I was wrong. Gold still crashing!” while maintaining his long-term bullish stance.
Meanwhile, technical analysis reveals a contrasting near-term picture. XAU/USD is approaching its first death cross since 2023, a bearish pattern suggesting further downside in coming weeks. The divergence highlights a critical timing disconnect: Kiyosaki’s macro thesis centers on multi-year dislocation, while short-term charts signal deteriorating momentum. Both views can coexist, but they demand different trading strategies and risk management approaches. Gold’s inability to decisively reclaim $4,000 support adds urgency to the technical warning.
FXnCO Insight
Traders should differentiate between long-term allocation and tactical positioning—the forming death cross warrants tighter stops regardless of eventual multi-year targets.
Source: Finance Magnates