Gold seems back as a store of value
I am accumulating gold.
If people lose confidence in fiat currency there are only two exits: Gold and crypto.
The blue path is how gold moved from 1970-1980 stretched to fit with the last bull run. The current correction looks similar.
Technically gold is about to break out on the monthly rsi after retest the breakout of the falling wedge, seems bullish to me. Lot of upside, little risk.
If people lose confidence in fiat currency there are only two exits: Gold and crypto.
The blue path is how gold moved from 1970-1980 stretched to fit with the last bull run. The current correction looks similar.
Technically gold is about to break out on the monthly rsi after retest the breakout of the falling wedge, seems bullish to me. Lot of upside, little risk.
Note
on track
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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.