FX_IDC:XAUIDRG
IF volume declines and breaks the fibo 0.5; it would be a nightmare for gold.
Fundamentally, gold has been massively collected by some major countries in the last few years. If they got an economic crisis, such as China with Evergrande, they would sell Gold as one of their assets to stimulate their people economically.
#greedycreatesdecentralized
for women who like to collect gold jewelry.. do you want to sell the jewelry?
In Bahasa :
untuk perempuan yang suka ngumpulin perhiasan emas.. mau jual apa hold nih perhiasannya?? Hahaha…
Short-term pullback to 810k possible, then up to 880k~900k. Then if we fail to break through there, the risk is down to 700k~720k "worst-case" for the bottom.
Thanks for viewing,
This just comes after looking at gold vs a number of different currencies like XAU/AUD which and XAU/NZD both of which have set new all time highs. The value of gold is one thing, the value of your home currency is a another thing. This is why people hold gold - to protect themselves from the slow and steady (or not so slow and steady at...
