Hi,
Update on a longer time frame. Based on my previous analysis.
From a fundamental point of view, knowing that gold's value is based on human assumptions, prices can really be volatile. Gold has been less significant for industrial and technological purposes. Prices continue to climb based again on the value given by humanity. The question is not to ask if gold has a value, but the question is to ask, '' what is the real value of gold right now'' and ''what should It really be''
From a technical point of view I did want to visualise the chart on a historical period hence this update which provided me more guidance.
Tip: make sure, your emotions don't control you. I have been bullish on gold, since the Covid-19, however life teaches me to question if my sentiment is really correct and reflect , and not that I am not being blindness by my emotions.
This is not an advice to change your trading direction, however, I want to propose caution, about any bullish trap.
Like, follow me and comment for more daily news and forecast.
Kevin C. Best
Update on a longer time frame. Based on my previous analysis.
From a fundamental point of view, knowing that gold's value is based on human assumptions, prices can really be volatile. Gold has been less significant for industrial and technological purposes. Prices continue to climb based again on the value given by humanity. The question is not to ask if gold has a value, but the question is to ask, '' what is the real value of gold right now'' and ''what should It really be''
From a technical point of view I did want to visualise the chart on a historical period hence this update which provided me more guidance.
Tip: make sure, your emotions don't control you. I have been bullish on gold, since the Covid-19, however life teaches me to question if my sentiment is really correct and reflect , and not that I am not being blindness by my emotions.
This is not an advice to change your trading direction, however, I want to propose caution, about any bullish trap.
Like, follow me and comment for more daily news and forecast.
Kevin C. Best
