In price action view : Simple long term Chart of Gold Indicates the completion of the cup and handle pattern , Which does not need further explanation .
In the Fundamental view ( which is more important reason than the others ) : I think its better for Gold If the story of the corona vaccine To be completed as soon as possible , corona force the Economies to reduce their interest rate to near zero or even below zero ,
and lower interest rate reduces the value of money , Low value money causes inflation in goods And the governments must raise interest rates to prevent this ( after the corona vaccine is finalized ) , and its not a good news for stocks and bond , So the investors must hedge their portfolio with commodities to prevent loss so which commodities is the best for hedging ? of course the gold is number 1 commodities ,
so soon or late we must expect Increasing demand for gold which is Cause price moves to higher level .
In the Fundamental view ( which is more important reason than the others ) : I think its better for Gold If the story of the corona vaccine To be completed as soon as possible , corona force the Economies to reduce their interest rate to near zero or even below zero ,
and lower interest rate reduces the value of money , Low value money causes inflation in goods And the governments must raise interest rates to prevent this ( after the corona vaccine is finalized ) , and its not a good news for stocks and bond , So the investors must hedge their portfolio with commodities to prevent loss so which commodities is the best for hedging ? of course the gold is number 1 commodities ,
so soon or late we must expect Increasing demand for gold which is Cause price moves to higher level .
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.