Pause short selling and wait for opportunities! ! !
Central banks around the world are reducing their holdings of U.S. bonds and increasing their holdings of gold, and even the U.S.'s internal attitude toward gold has changed significantly.
As of January, the U.S. dollar’s share of global reserves has dropped from as high as 73% in 2000 to 59%.
Although the U.S. dollar is very strong relative to the exchange rate with other countries, the purchasing power of the U.S. dollar has already dropped by as much as 90%.
While traders around the world are keeping an eye on whether the U.S. dollar will cut interest rates, the U.S. Congress has passed a $1.2 trillion budget to avoid a U.S. federal shutdown.
And the U.S. Budget Office predicts that after 2032, the size of U.S. debt will increase by another 15 trillion, and by 2049, U.S. debt will exceed 2.3 times the economic aggregate.
A huge amount of U.S. debt corresponds to a huge amount of U.S. dollars.
In such an environment, gold priced in US dollars will become unattainable for many people.
Not only are global central banks paying attention to their gold reserves, but even the trust in the U.S. dollar within the United States has been shaken.
New Jersey in the United States has officially recognized gold and silver as legal tender since March, putting them on par with the US dollar.
As the credit of the U.S. dollar continues to be lost, and its purchasing power has shrunk significantly due to corrosive inflation, the continued surge in U.S. Treasury bonds is not conducive to the value of the U.S. dollar and will have an additional impact on inflation.
Since this year, more than 10 states including Idaho, Wisconsin, Tennessee, Arizona, Maine and Virginia are also legislating or have announced that gold and silver will become legal currencies alongside the US dollar.
People's trust in gold has far exceeded that of the U.S. dollar, and U.S. states seem to have cracks in their trust in their federal government.
In short, the demand for gold is huge, and going long in gold has become an inevitable choice.
Gold rises again as Japanese officials' comments trigger market volatility
If you are bearish on gold, I suggest you choose to sell gold at a higher position
The market is currently in great shock, so pay attention to your SL and TP positions.
As of January, the U.S. dollar’s share of global reserves has dropped from as high as 73% in 2000 to 59%.
Although the U.S. dollar is very strong relative to the exchange rate with other countries, the purchasing power of the U.S. dollar has already dropped by as much as 90%.
While traders around the world are keeping an eye on whether the U.S. dollar will cut interest rates, the U.S. Congress has passed a $1.2 trillion budget to avoid a U.S. federal shutdown.
And the U.S. Budget Office predicts that after 2032, the size of U.S. debt will increase by another 15 trillion, and by 2049, U.S. debt will exceed 2.3 times the economic aggregate.
A huge amount of U.S. debt corresponds to a huge amount of U.S. dollars.
In such an environment, gold priced in US dollars will become unattainable for many people.
Not only are global central banks paying attention to their gold reserves, but even the trust in the U.S. dollar within the United States has been shaken.
New Jersey in the United States has officially recognized gold and silver as legal tender since March, putting them on par with the US dollar.
As the credit of the U.S. dollar continues to be lost, and its purchasing power has shrunk significantly due to corrosive inflation, the continued surge in U.S. Treasury bonds is not conducive to the value of the U.S. dollar and will have an additional impact on inflation.
Since this year, more than 10 states including Idaho, Wisconsin, Tennessee, Arizona, Maine and Virginia are also legislating or have announced that gold and silver will become legal currencies alongside the US dollar.
People's trust in gold has far exceeded that of the U.S. dollar, and U.S. states seem to have cracks in their trust in their federal government.
In short, the demand for gold is huge, and going long in gold has become an inevitable choice.
Gold rises again as Japanese officials' comments trigger market volatility
If you are bearish on gold, I suggest you choose to sell gold at a higher position
The market is currently in great shock, so pay attention to your SL and TP positions.
Trade active:
It has broken through 95 and hopes to reach 2200 when the market closes.