Gold is a store of value, and its real money when the price of gold goes up, this is not a good sign for the economy. It means your local banks are buying it
Because the people have lost faith in the currency because they are not saving their money in the banks. You see for a currency to have "Power" you have to save it in the bank account
This is the only way that you can give your currency power if you are not saving it, it means the banks are going to buy Gold In order to stay in the banking business
Have you noticed the Rocket booster strategy? it has 3 steps, if you want to learn more about this powerful technical analysis tool, i used on this Gold chart Rocket boost this post to learn more.
Gold is a very valuable metal and so is SILVER this is the best time to get in before the federal reserve drops rates. Thank you for reading.
Disclaimer: THis is not financial advice , you will lose money in trading wether you like it or not.Please learn risk management and profit-taking strategies.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.