Gold is going parabolic and typically that doesnt mean a good thing.
Now there are many reasons this could be rallying and likely a combination of the few.
- Fed Rate Cut
- Geo political tension
- Weak Fiat currencies
- Currency Crisis
- Weakening economies
In a time where gold enters these monthly extreme RSI moves it typically signals a good time to start trimming.
Gold usually goes through a multi month correction but this could also spill into other asset classes.
As the steepening effect on the 10y/2y finally was confirmed today, large macro implications could follow and this is exactly what Gold confirmed this week.
Now there are many reasons this could be rallying and likely a combination of the few.
- Fed Rate Cut
- Geo political tension
- Weak Fiat currencies
- Currency Crisis
- Weakening economies
In a time where gold enters these monthly extreme RSI moves it typically signals a good time to start trimming.
Gold usually goes through a multi month correction but this could also spill into other asset classes.
As the steepening effect on the 10y/2y finally was confirmed today, large macro implications could follow and this is exactly what Gold confirmed this week.
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.