Gold Analysis: We need to know where to stop.
Ukraine will be occupied by Russia or they will come in negotiation with Russia. Ukrainian already understands NATO can't help them directly except by providing arms, money, and aid. But they are not enough to fight back with Russia.
Now we need a deeper study and close monitor, how only sanctions will impact the Gold and Oil prices.
From my experience, I have seen
1. Sanctions against Iran and Turkey didn't impact much on gold and oil prices except their home economy. Gold went nearly 100 Pips and became normal.
2. Sanctions against China was a bit powerful impact on gold. Gold went up more than 2300 Pips and dropped 100 pips and even now gold didn't below the prices from where the gold rose.
3. After it started pandemic, Gold rose hugely.
4. Now sanctions against Russia on the card. and these sanctions are really hard. Nearly +5200 sanctions against, it didn't happen in the world like before. I believe it must impact the gold and oil prices and still impact. We just need to know, where to stop.
So, I think gold will correct more as I mentioned in my last article. See my chart where should we stop..
Now we need a deeper study and close monitor, how only sanctions will impact the Gold and Oil prices.
From my experience, I have seen
1. Sanctions against Iran and Turkey didn't impact much on gold and oil prices except their home economy. Gold went nearly 100 Pips and became normal.
2. Sanctions against China was a bit powerful impact on gold. Gold went up more than 2300 Pips and dropped 100 pips and even now gold didn't below the prices from where the gold rose.
3. After it started pandemic, Gold rose hugely.
4. Now sanctions against Russia on the card. and these sanctions are really hard. Nearly +5200 sanctions against, it didn't happen in the world like before. I believe it must impact the gold and oil prices and still impact. We just need to know, where to stop.
So, I think gold will correct more as I mentioned in my last article. See my chart where should we stop..
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