So we're finally going to see the recession in 2024, 2023 was a trap, everyone called for it thus it worked in the opposite. Now narrative is "its all gooood XD", unfortunately oil and gas is very likely to go higher, coupled with winter approaching...
TA:
False break-down, bouncing off 200W MA, break-back into wedge pattern and start to build momentum for breakUP out of wedge and re-test ATH.
Gold currently is less risky than BTC based on current fundamentals (geopolitics mainly) and so could act as the better safe haven asset.
Can't say bullish with confidence yet, when the crash evitable comes, gold crashes with everything as all flock to dollar for safety. I guess its more about portfolio re-allocation that would make sense to start buying Au. Not a bad idea to nibble and trade small positions, in and out (eye emoji) lol!
TA:
False break-down, bouncing off 200W MA, break-back into wedge pattern and start to build momentum for breakUP out of wedge and re-test ATH.
Gold currently is less risky than BTC based on current fundamentals (geopolitics mainly) and so could act as the better safe haven asset.
Can't say bullish with confidence yet, when the crash evitable comes, gold crashes with everything as all flock to dollar for safety. I guess its more about portfolio re-allocation that would make sense to start buying Au. Not a bad idea to nibble and trade small positions, in and out (eye emoji) lol!
