GOLD- Will It Shine this Year Despite the Rate Hikes?
We seriously Nailed it last year with Gold (check our ideas below) and we wish to repeat again this year... but things are a bit more complicated.
The outlook is positive and our expectation is to see Gold (and Silver) rise this year.
The Fundamentals are mixed. Supply and Demand equation is positive for the price.
Incoming Rate Hikes are against. Negative for the price. (Rate hikes= value of dollar goes higher = Gold could go lower).
There is another factor, called Bitcoin. Safe haven status for both assets now, Gold being the traditional and BTC being the digital. Could this affect the price? Well probably yes. Gives investors options to diversify.
All and all we are looking for LONG entry levels. This chart can help you do exactly that.
Keep an eye on the purple levels. Those will be Key.
Keep in touch, this will be a very interesting Year.
One Love,
the FXPROFESSOR
The outlook is positive and our expectation is to see Gold (and Silver) rise this year.
The Fundamentals are mixed. Supply and Demand equation is positive for the price.
Incoming Rate Hikes are against. Negative for the price. (Rate hikes= value of dollar goes higher = Gold could go lower).
There is another factor, called Bitcoin. Safe haven status for both assets now, Gold being the traditional and BTC being the digital. Could this affect the price? Well probably yes. Gives investors options to diversify.
All and all we are looking for LONG entry levels. This chart can help you do exactly that.
Keep an eye on the purple levels. Those will be Key.
Keep in touch, this will be a very interesting Year.
One Love,
the FXPROFESSOR
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