I think bulls are ready to take over the gold market to finally push price back into the 1900 technically speaking with current price action price seems to struggling to break support and finish below it
fundementally the US dollar is being printed at an unprecedented rate so its not hard to assume that gold would rally due to this. Also with yen recently showing phenomenal numbers (besides negative interest rates) Investors will most certainly sell their Dollar in favor of other assets like gold and maybe even crypto.
Please comment if you disagree I would love to know why.
fundementally the US dollar is being printed at an unprecedented rate so its not hard to assume that gold would rally due to this. Also with yen recently showing phenomenal numbers (besides negative interest rates) Investors will most certainly sell their Dollar in favor of other assets like gold and maybe even crypto.
Please comment if you disagree I would love to know why.