Gold Hits $3,500 | The Warning Signal Everyone's Ignoring

Gold's breakout above $3,500 represents a significant technical and fundamental shift driven by institutional "conviction buyers" rather than traditional retail demand. The rally is supported by three key factors: dollar weakness, favorable yield curve dynamics with falling short-term rates, and accelerated central bank accumulation. Mining equity outperformance suggests institutional expectations of sustained higher prices. Gold's positive correlation with volatility while maintaining inverse dollar correlation positions it as an effective hedge against fiscal and monetary risks that traditional assets aren't adequately pricing. Technical analysis indicates potential for further upside with resistance at $3,600-3,700 and support at the $3,200 breakout level.