Gold Long

CURRENCYCOM:GOLD1W

Description

⋅ Feb 16, 2021 5:12 PM

Do you even know how bullish this down channel is

Trend Analysis Technical Indicators

Comments

patrick58

⋅ Feb 17, 2021 9:57 AM

I hope to think so yes but looking at the ten year chart its still overpriced

RICHMONSTOCK

⋅ Feb 17, 2021 10:01 AM

@patrick58, 10 year chart is overprice in indicator , but on a longer therm fundamental are the way to go.

US dollar is falling in value.

Gold in therm of the real asset the material one is giving so much return.

While the market price of gold isn’t at all représentatif of the value of this asset.

Could take time tho , the market only do what he want not the other way arround

patrick58

⋅ Feb 17, 2021 10:11 AM

@RICHMONSTOCK, Thanks a lot for your insight it really helps. I'm long anyway. Have a great day.

ForecastCity_World

⋅ Feb 16, 2021 5:18 PM

Great work!