Hello dear traders
I think its about time I walk you through my thinking process. its my first time so excuse the faults.
we are standing at a critical point where we don't know exactly which force is set to win so best thing we can do is to analyze the situation and possibilities.
there is two possibility that I can imagine fits the situation, first one is central banks demand zone.
if we consider it to be the case then we realize that they probably monitored the death cross and... in advance and used it to drive the price down and close in indecision manner, I hope it to be the case because the other possibility is kinda dark:{
I was ignoring it in my mind until I saw this post(4th related idea). if this scenario fulfills, the very nations responsible for the current chaos will get what they want.. . so I prefer to look at the recent movements as a smart play by cenbanks.
One of the reasons they capped the gold prices till now is that by letting it grow it would not only weaken usd but might triggered a chain of panic buying due to uncertainty which would have drive things out of control, but then again We dont know all the factors in play so we have to be carefull with our risk management. From what we can conclude for now we are awaiting a surge up, but the current changing geopolitical environment might require a delay on that which is justifiable if its short term. As long as the bigger picture remains intact against the financial vision that requires gold value to drop further and stays there.
to get better understanding of above argument you can checkout related ideas in past to future sequence.
I think its about time I walk you through my thinking process. its my first time so excuse the faults.
we are standing at a critical point where we don't know exactly which force is set to win so best thing we can do is to analyze the situation and possibilities.
there is two possibility that I can imagine fits the situation, first one is central banks demand zone.
if we consider it to be the case then we realize that they probably monitored the death cross and... in advance and used it to drive the price down and close in indecision manner, I hope it to be the case because the other possibility is kinda dark:{
I was ignoring it in my mind until I saw this post(4th related idea). if this scenario fulfills, the very nations responsible for the current chaos will get what they want.. . so I prefer to look at the recent movements as a smart play by cenbanks.
One of the reasons they capped the gold prices till now is that by letting it grow it would not only weaken usd but might triggered a chain of panic buying due to uncertainty which would have drive things out of control, but then again We dont know all the factors in play so we have to be carefull with our risk management. From what we can conclude for now we are awaiting a surge up, but the current changing geopolitical environment might require a delay on that which is justifiable if its short term. As long as the bigger picture remains intact against the financial vision that requires gold value to drop further and stays there.
to get better understanding of above argument you can checkout related ideas in past to future sequence.
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