The crash in oil is dictated by fundamentals - demand in freefall and production forecast off the charts due to price war.
Gold has not been acting as a hedge pretty much against anything, given it is actually sold as a source of liquidation funds.
Short oil and long gold seems a trend to continue in the short term from a pure technical standpoint.
Contrary theses and conditions for a bounce in the next few months:
1) Gold crashes after the impact of Coronavirus abides
2) Oil jumps because of end of price war
Gold has not been acting as a hedge pretty much against anything, given it is actually sold as a source of liquidation funds.
Short oil and long gold seems a trend to continue in the short term from a pure technical standpoint.
Contrary theses and conditions for a bounce in the next few months:
1) Gold crashes after the impact of Coronavirus abides
2) Oil jumps because of end of price war
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.