I see gold $100 higher
I couldn't have said it better...
"Bank emergency borrowing = tighter lending standards = small business credit crunch = higher unemployment... Tipping point for US$: end of Silicon Valley hegemony, start of entrenched high inflation & budget deficits"
BofA's Michael Hartnett
Technicals:
Bursting strongly through the 50 day moving average with the RSI getting stronger stronger, I can easily see the gold price heading at least 1100.00/OZ higher.
Fundamentally, the environment is ideal to have gold as a hedge. Technically, the chart already tells you where money is flowing...
"Bank emergency borrowing = tighter lending standards = small business credit crunch = higher unemployment... Tipping point for US$: end of Silicon Valley hegemony, start of entrenched high inflation & budget deficits"
BofA's Michael Hartnett
Technicals:
Bursting strongly through the 50 day moving average with the RSI getting stronger stronger, I can easily see the gold price heading at least 1100.00/OZ higher.
Fundamentally, the environment is ideal to have gold as a hedge. Technically, the chart already tells you where money is flowing...
Trade fermée: cible de profit atteinte
just like that
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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.