GOLD (Y20.P2.E1).Macro.Big Picture

Hi All,

As one would expect that GOLD is hedge against the stock market and the fiat system, then GOLD is doing its job.
The news doesn't do it justice as gold on paper is not reflective of available gold against demand.
Paper gold is a means to address this but real gold is hard to come by.

Any way, they try to keep gold prices down using the paper system of trading gold and the question is for how long will it suppress it?

I have the micro chart and the MACRO chart.
Gold is good to go long, just like what many experts say, and these charts support that call.



Cheers,
S. Sari

DAILY chart > Target 2520

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Commentaire:

Based on the indicators, the pullback is not big on the 6 H, 12 H and 24 H.