There are two battles over Gold at the moment,
1. The BRIB Nations supporting Gold with physical purchases with a view to creating their gold backed currency as an alternative to the US Dollar.
2. The incoming Trump administration are agressively countering this move by supporting digital alternatives backed by blockchain infrastructure,backed by the SWIFT system,the weaponised petrodollar and the global bond markets.Control is the name of the game,
Technically Gold is still holding within a wide 4 hour channel but resistance is now stacking overhead as per the attached chart.
1. The BRIB Nations supporting Gold with physical purchases with a view to creating their gold backed currency as an alternative to the US Dollar.
2. The incoming Trump administration are agressively countering this move by supporting digital alternatives backed by blockchain infrastructure,backed by the SWIFT system,the weaponised petrodollar and the global bond markets.Control is the name of the game,
Technically Gold is still holding within a wide 4 hour channel but resistance is now stacking overhead as per the attached chart.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.