Only valid for Chinese people. If you want to keep your wealth. You need physical gold. I don't understand the macro economy. I think the trade war is long-term and he will exacerbate the devaluation of the renminbi. If you are a Chinese compatriot. I hope you are lucky.
But due to retrace here likely...The retrace to come will be a great buying opportunity in Gold, the Yuan chart is an interesting way to look at it, given the activity of chinese capital flows. I'm following the Hong Kong activity closely, specially interesting to observe developments regarding the extradition laws in the former British colony. Recently,...
After deep study looks like this oscillations in XAUUSD is based on XAUCNH , the gold based on the Chinese Renminbi Currency Offshore , SaxoBank advisors stated same. There is another resistance as shown , this is the base graph for harmony , rest is DXY based for what Trump tweets , obviously trade war not in favor of DXY , they have been long awaiting and...
WE expect US dollar to fall and the bond market to be propped up to force money into stocks and push stocks higher
If gold falls --> Dollar go up --> the whole world falls in terms of fiat purchasing power --> Chaos
Will they kill paper gold once and for all and make the world's fiat burn?
Phenix rises?
Debt has risen since 2011 why has gold and silver gone...
We have been wrong about how far they are willing to take the world down the shit hole once again just to surpress gold in $
Buyers should come in here
Hard to justify a sell
Crazy divergence daily RSI
US dollar craziness
10/30 spread craziness
Stock market will not make new gains if gold continues to fall either
They have to make up their minds now --> FED
We already timed this support area but after this failed test (H&S) we are more confident that Long Gold will be a good trade considering the situaton in DXY / UUP, BND and USDCNH
trade with care
USDCNH is crazy overbought, lots of things are happening in the world that are bullish for gold. Buyers should step in here to defend the rising support since 2016
trade with care
