MY VIEW ON GOLD: FUNDAMENTAL & TECHNICAL
đź”´ Fundamental: My view on GOLD.
The conflict in the Middle East has intensified in the past few days, as Israel and Hamas continue to exchange rocket fire and airstrikes.
The situation has raised concerns about a potential broader war in the region, which could disrupt oil supplies and affect global markets.
One of the effects of this uncertainty is that investors tend to seek safe-haven assets, such as gold, to hedge against inflation and currency fluctuations.
Gold is considered a store of value that can preserve its purchasing power in times of crisis.
Therefore, GOLD prices may rise further if the conflict escalates or persists for a long time
đź•Ż Technical outlook: My View on GOLD.
If GOLD decide to give us a downward correction before printing the next higher, then we're going to be there, no matter what!
The conflict in the Middle East has intensified in the past few days, as Israel and Hamas continue to exchange rocket fire and airstrikes.
The situation has raised concerns about a potential broader war in the region, which could disrupt oil supplies and affect global markets.
One of the effects of this uncertainty is that investors tend to seek safe-haven assets, such as gold, to hedge against inflation and currency fluctuations.
Gold is considered a store of value that can preserve its purchasing power in times of crisis.
Therefore, GOLD prices may rise further if the conflict escalates or persists for a long time
đź•Ż Technical outlook: My View on GOLD.
If GOLD decide to give us a downward correction before printing the next higher, then we're going to be there, no matter what!
Penafian
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