In every trading objects, I believe that’s Fair Value level is become a “magnet”.
The movement direction of price that is go away below or go far above is depend of economic situation, especialy for gold.
Nowaday economic issue still in hot dispute between get well or still “sick”!!
Yes, gold is much more enjoy stay above Fair value level. But however we can’t underestimate the pull back force of fair value.
At some physiological point world has fear of the top and they need cash as money machine!!
Beware of high releases act, it will make the spot dropped enclose to the fair point.
The movement direction of price that is go away below or go far above is depend of economic situation, especialy for gold.
Nowaday economic issue still in hot dispute between get well or still “sick”!!
Yes, gold is much more enjoy stay above Fair value level. But however we can’t underestimate the pull back force of fair value.
At some physiological point world has fear of the top and they need cash as money machine!!
Beware of high releases act, it will make the spot dropped enclose to the fair point.