Yes, this is looking slightly bullish right now ,,, but I have doubt
will it be sustain??
will it be capable to hold its bullish strength?
I don't think so because, there is too many geographical incident is happening worldwide like
"Iran-America" War, too many War in Middle - east,
"Germany" and "Britain" ordered to collect food and other essentials cause of Russia War,
"Russia" is also in war with "Ukraine", "America" has the largest debt in the world , American soldiers is withdrawing its soldiers, America is mostly out of "NATO" . Also Our Government gave us a signal to "Out of Buying Gold".
Something very big incident is coming soon.. But We don't know about it.
If Gold is retesting and may be booking profit then why retesting is not healthy , why retesting also feel bearish, and also in 2011 it took about 45 % down then gave a Bullish rally,
but till today it's only 29 % . May be it will hit harder as before , cause too many incidents have around us. and this type of retesting is not good.
So , maybe it will be bearish sooon......I think
will it be sustain??
will it be capable to hold its bullish strength?
I don't think so because, there is too many geographical incident is happening worldwide like
"Iran-America" War, too many War in Middle - east,
"Germany" and "Britain" ordered to collect food and other essentials cause of Russia War,
"Russia" is also in war with "Ukraine", "America" has the largest debt in the world , American soldiers is withdrawing its soldiers, America is mostly out of "NATO" . Also Our Government gave us a signal to "Out of Buying Gold".
Something very big incident is coming soon.. But We don't know about it.
If Gold is retesting and may be booking profit then why retesting is not healthy , why retesting also feel bearish, and also in 2011 it took about 45 % down then gave a Bullish rally,
but till today it's only 29 % . May be it will hit harder as before , cause too many incidents have around us. and this type of retesting is not good.
So , maybe it will be bearish sooon......I think
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.