Bearish on gold
The horizontal trendline is very strong. I don't expect the Gold price to break above this trendline. Additionally is the price forming lower highs and lower lows.
Considering the bullish run in ecconomy also in forseeable future. I believe gold is not the most attractive investment on that price level. I see investors choosing different assets.
Gold also had an massive price run from 2018 till july 2020 which i think, still needs to retrace for a great amount more, expectatly at the $1500 or even $1300 range.
I would go short for the long run till the bull run in ecconomy is slowing down.
Considering the bullish run in ecconomy also in forseeable future. I believe gold is not the most attractive investment on that price level. I see investors choosing different assets.
Gold also had an massive price run from 2018 till july 2020 which i think, still needs to retrace for a great amount more, expectatly at the $1500 or even $1300 range.
I would go short for the long run till the bull run in ecconomy is slowing down.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.