Allenvik

Will Gold regain 15% in value in the next two quarters?

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold is stuck in a channel, in between influx of capital looking for safety and liquidations due to the worsening in the economy landscape. It has been always the case for Gold. Call it a conspiracy or not. The rise in Gold value usually reflects crisis in the economy, which means financial trouble for many, and the liquidity of Gold means it is liquidated in a similar measure that is bought perhaps.

Anyway, this tug-of-war is what makes Gold less volatile and more like a store of value. It is expected, that Gold will gain value over time, but in a more orderly, paced slow rise.

Ultimately, Gold is an insurance, and it is always good to have some capital stored on it, but please ignore the calls for Gold and Silver to the moon. Gold ain't crypto, and thank God for that!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.