🔎 GOLD Fundamental View - If Continue War Tension Risk ⚠️ - Obviously it's the reverse if there is a de-escalation.
GOLD Fundamental View Stay Alert ⚠️ - Gold inching higher with "increased threats of Russian military action" - Federal Reserve FOMC meeting this week
Why GOLD is bearish A number of factors are driving investors out of riskier assets and into the traditional safe-havens – Treasury notes, Japanese Yen and U.S. Dollar. Gold is benefiting from the drop in yields but also from the plunge in the global equity markets. Stock traders essentially need some place to park their profits so gold is in some ways...
Gold should show weekness as US Jolts Job data is much better than expected. But since gold have already fallen bad after Friday data, the fall should not be very big. Still short ..
Technicals self-explanatory on chart, following the same strong USD bias I have over the next while...
GOLD is unstoppable right now and is soon to storm the 1800 key level. The only question is- what we get to see: 1- An optimistic scenario, drawn with a green line, where there is a retest of support after a breakout towards 1900, and then a strong move up into the 2300/2500+ in 2-3 years. OR 2-A pessimistic scenario, drawn with a red line, where the...
A bit concerned. I dismissed claims that silver would not be available when the time came but tonight, I've just noticed apmex.com (a top online retailer for precious metals) has now listed many of the top selling 1 OZ SILVER BARS as PRE-SALE ONLY. AKA SOLD-OUT. Then I checked the smaller sub ounce gold coins. Same story. Wonder what happens...
This butterfly pattern seats in a pretty comfortable support and resistance zone with a somewhat visible ascending head and shoulder formation. So I have picked my entry points as you can see but remember to watch the fundamentals. Here are the fundamental factors to keep in mind on Gold: -Australian ANZ Job Advertisements -Australian TD Securities...