Captain_Walker

GOLD: This is the craziest chart on Tradingview!

Education
FX:XAUUSD   Gold Spot / U.S. Dollar
5 currencies compared against GOLD.

I say no more. Watch the video - and if you disagree, say so and why with some evidence!
Comment:
To me clear, I'm not taking a contrarian position on Gold. I'm saying that it could go north and it could go south. Yes - I can say both because I can't predict anything.

However, I look back to a similar pattern that was showing in 2008. Lots of people were caught out. So all I mean is that one ought not to be too bullish on Gold on larger time frames. i.imgur.com/ivRdP3d.jpg

FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.