gold has been quite bearish this year compared to average bull runs. in addition, we might as well put bias on new lower levels as gold broke its crucial support on 1680 and a clear retest after structural breakout. in sense gold heading to fresh October lows beyond 1600. with a fair value gap and a powerful order block confluencing my with my trading plan, the...
After an almost 70% slump of its value, bitcoin is still indicating signs of vulnerability on the crucial $20k price level and bears are likely to crush it below. See: Netflix to ban crypto advertisements. Meanwhile, liquidity is like to dominate below $18k as the crypto giant will be likely to be swigging towards the most important demand zone, $10k.
As we view...
With rising interest rates, overpowering dollar, tightening monetary policies, energy price woes, risk to a global recession, economic slowdown, Russia-Ukraine war crisis and devastating inflation. Uncertainty is here to stay and Gold might not be ready for price stabilisation.
All the above factors might as well weigh in the precious metal and might drive...