Gold Trend Reversal Coming soon !!
Using Fib Time on multiple H & Ls points out that this 1-4 month time could be the strong point of reversal for gold price trends.
On Fundamental Grounds, with a reduction of GDP fig. around the globe will lead to more selling and less new buying of gold. also, imports of gold mostly by Asian countries will reduce to handle trade balances. Feds of major countries to increase funding into the market may release their assets kept in gold since now even the valuation of national assets will reduce the security kept by fed could be reduced.
On Fundamental Grounds, with a reduction of GDP fig. around the globe will lead to more selling and less new buying of gold. also, imports of gold mostly by Asian countries will reduce to handle trade balances. Feds of major countries to increase funding into the market may release their assets kept in gold since now even the valuation of national assets will reduce the security kept by fed could be reduced.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.