Gold just broke through key resistance—but the real question is what's actually driving it. Are traders just panicking and rushing into the traditional safe haven? Or is this something deeper: a structural repricing of risk across all markets?

Look at the geopolitical landscape right now. Tensions aren't easing; they're evolving. That's not temporary fear—that's fundamental reassessment. When institutional capital starts rotating into gold, it's usually signaling they're recalibrating exposure across their entire portfolio, from traditional assets to alternative investments.

The breakout pattern suggests conviction, not knee-jerk selling. Watch how this plays out in the next few weeks.