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lubosi
Feb 12, 2024 6:59 AM

#1 Reason Why Gold Is Cheap At This Price Long

Gold FuturesCOMEX

Description

Bitcoin is on fire have you seen? COINBASE:BTCUSD
Right now the market is tanking like a rock!!
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Especially on the consensus side of it.
Meaning the global economy under the TVC:DXY
Is not doing well
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Countries that look up to the dollar for savings are suffering
under high inflation because the printing of the dollar
increases its power against the local currency
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Also the luck of oil supply globally is forcing oil prices to rise
Do you remember the article i wrote right here on tradingview when i showed you
that oil price NYMEX:CL1! was going to rise?
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Check it out below
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Gold is oversold and it looks very cheap at this price
this is a good time for investors to consider buying it.
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Disclaimer:Do your own research before you trade this is not investment advice.You will lose money trading take this as a warning sign.

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