According to Mihir (@RhythmicAnalyst), gold is expected to target the $3,000 to $3,100 range, reflecting a bullish trend in the market. This projection is based on recent strong market performance, as well as underlying macroeconomic factors such as inflation and currency valuations, which are currently supporting higher gold prices. Traders should watch for key resistance levels and potential breakout opportunities as the market approaches these new highs.

According to The Kobeissi Letter, 1-year inflation expectations have surged from 2.6% to 5.0% since the onset of the trade war, effectively doubling in under three months. This has caused significant panic among consumers and producers, signaling potential volatility in the markets. Traders should consider the impact of these rising inflation expectations on interest rates and currency valuations, as they could influence market strategies and asset allocations.