Will Gold stay the stable investment in future? XAU/USD vision
Hi there!
I want to show some critical points to Gold investors which they can face in 5 years period.
There are no reasons to analyze, either Gold will rise eternally or not. Anything has a beginning and an end. Until this fiat system is existing, gold will always stay as a defensive asset to inflation. Only black swan can destroy this hundred years building. Gold as the rest of the assets which showed a huge rise before is keeping to rise only on people's faith. It is like a default setting for each person to realize from childhood that gold is something valuable.
Just think, who could imagine a year before that we would pray for digital pictures (NFT) , spending millions on them. It's ridiculous, isn't it? (Maybe no, yet haha) .
So I won't discourse what will happen, as I am a trader, not an employee department of economic forecasting Goldman Sachs.
Technically: the point of ascending wedge after the fifth wave growth is put on a graph. Mostly it is the place with the biggest trade volume, placed ob graph as well.
The more reasonable act for now with gold, even including the situation in Ukraine (where I am from and stay now by the way) is to observe and wait for long-term short.
Stay safe! Bye!
I want to show some critical points to Gold investors which they can face in 5 years period.
There are no reasons to analyze, either Gold will rise eternally or not. Anything has a beginning and an end. Until this fiat system is existing, gold will always stay as a defensive asset to inflation. Only black swan can destroy this hundred years building. Gold as the rest of the assets which showed a huge rise before is keeping to rise only on people's faith. It is like a default setting for each person to realize from childhood that gold is something valuable.
Just think, who could imagine a year before that we would pray for digital pictures (NFT) , spending millions on them. It's ridiculous, isn't it? (Maybe no, yet haha) .
So I won't discourse what will happen, as I am a trader, not an employee department of economic forecasting Goldman Sachs.
Technically: the point of ascending wedge after the fifth wave growth is put on a graph. Mostly it is the place with the biggest trade volume, placed ob graph as well.
The more reasonable act for now with gold, even including the situation in Ukraine (where I am from and stay now by the way) is to observe and wait for long-term short.
Stay safe! Bye!
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