Gold Spot / U.S. DollarUpdated 14.04.2021 - Gold
First signs of bottoming process and accumulation on Gold.
Gold's down almost 20% since August.
No one is interested, everyone is busy being euphoric on stock market and crypto.
Could be smart to start building a long-term trade position here.
"Buy when no one is talking about x, sell when everyone is."
Gold's down almost 20% since August.
No one is interested, everyone is busy being euphoric on stock market and crypto.
Could be smart to start building a long-term trade position here.
"Buy when no one is talking about x, sell when everyone is."
Note
Though I see Bitcoin eating gold's market share in the long-term, I believe gold will still have it's place in the next market contraction. Especially if stock and crypto bull markets turn sour roughly at the same. Which I believe to be likely.Note
Another bullish narrative for gold could obviously be inflation fears, but I don't feel sufficiently competent to estimate those scenarios.
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.
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.