$GOLD looking like a reversal bounce here
If FEDs go back to the printing machine (further damaging of the monetary system), then would a sovereign hedge make sense?
I think the recent stock market volatility have made the FEDs think twice about being too hawkish. If my investment thesis is true then i think i'm seeing early speculation in #gold that indicates an alternative route to raising rates.
From a technical perspective i'm seeing a longer term rounding bottom/support and a most recent pattern failure (bear pennant). Underneath the price patterns i'm seeing high volume activity and so this could be early confirmation of a reversal. Let's continue to watch :)
I think the recent stock market volatility have made the FEDs think twice about being too hawkish. If my investment thesis is true then i think i'm seeing early speculation in #gold that indicates an alternative route to raising rates.
From a technical perspective i'm seeing a longer term rounding bottom/support and a most recent pattern failure (bear pennant). Underneath the price patterns i'm seeing high volume activity and so this could be early confirmation of a reversal. Let's continue to watch :)