BASIC ANALYSIS
Previously, we knew that BTC rises are now narrowing the money inflows to gold in the market.
(Shunt Manukyan)
Now I don't know the Buy-Short position ratios.
But I believe that the decline in BTC and the potential of Gold will lead the money back to Gold.
Even if the Fed switches to tapering moves, let's not forget that the money printed will cause inflation.
Currently, it is possible to try to adjust the market rate with reverse repo.
The Fed has shown that it will turn a blind eye to inflation. Low bond yields and inflation make gold even more attractive.
If we look at XAUXAG now, we see that it is in a recovery from the bottom.
I have never heard of the Central bank holding silver in its reserve.
The BTC market can be seen as a long-term investment vehicle. But the market is extremely speculative.
We've been seeing it in manipulation lately. Also, negative news has an extreme impact.
Volatility is high.
It's like a ceiling in stocks and stock markets lately.
While things are like this, I see a potential in Gold. (Not Investment Advice)
TECHNICAL ANALYSIS
Technical interpretation based on fundamental analysis.
I don't think the red trendline will be broken.
I think the correction ABC waves are complete.
Also, C of ABC correction wave looks like left TOBO's shoulder.
Possible targets are 2050-2200.
OLD DXY AND XAU / XAG GRAPHICS ARE ADDED. (You can find it in the profile)
Previously, we knew that BTC rises are now narrowing the money inflows to gold in the market.
(Shunt Manukyan)
Now I don't know the Buy-Short position ratios.
But I believe that the decline in BTC and the potential of Gold will lead the money back to Gold.
Even if the Fed switches to tapering moves, let's not forget that the money printed will cause inflation.
Currently, it is possible to try to adjust the market rate with reverse repo.
The Fed has shown that it will turn a blind eye to inflation. Low bond yields and inflation make gold even more attractive.
If we look at XAUXAG now, we see that it is in a recovery from the bottom.
I have never heard of the Central bank holding silver in its reserve.
The BTC market can be seen as a long-term investment vehicle. But the market is extremely speculative.
We've been seeing it in manipulation lately. Also, negative news has an extreme impact.
Volatility is high.
It's like a ceiling in stocks and stock markets lately.
While things are like this, I see a potential in Gold. (Not Investment Advice)
TECHNICAL ANALYSIS
Technical interpretation based on fundamental analysis.
I don't think the red trendline will be broken.
I think the correction ABC waves are complete.
Also, C of ABC correction wave looks like left TOBO's shoulder.
Possible targets are 2050-2200.
OLD DXY AND XAU / XAG GRAPHICS ARE ADDED. (You can find it in the profile)
