The gold rush is getting closer 🌪️
Last year, 2022 was a record year in terms of gold purchases by global central banks.
Of course, the largest whales in the world are buying gold for a reason, but because they understand that in the near future the yellow metal will grow strongly.
📊 From a fundamental point, gold is also ready for a new growth cycle.
As we wrote earlier, gold has almost 100% correlation with the dynamics of 10-year US bonds and the dollar index.
The Fed has already reached the limit in raising rates.
This means that the yield on 10-year bonds will no longer grow (for gold, this opens the way above the historical maximum).
The situation is similar for the dollar index.
Of course, we can still see some panic in the markets that hello to the growth of DXY and put some pressure on gold, but only locally.
⚙️ According to technical analysis, gold is near its historical high, but the indicators are not overbought, as these levels are already well traded.
Over the past 3 years, the price touched the historical high of $2080 three times, but returned under this zone.
ℹ️ Recall that the more often the resistance/support level is touched, the weaker it becomes.
🔰 Outcome:
We do not know exactly when the long-awaited increase will occur and we will not rule out another last wave of decline.
However, we will earn the maximum from this asset and the members of our channel already know how to do it.
There is such an opportunity and you can find all the information in the profile header 🎩
We can say with confidence that this year gold will show excellent dynamics and outperform many stocks in terms of profitability, so it is very important to have it in the portfolio.
Of course, the largest whales in the world are buying gold for a reason, but because they understand that in the near future the yellow metal will grow strongly.
📊 From a fundamental point, gold is also ready for a new growth cycle.
As we wrote earlier, gold has almost 100% correlation with the dynamics of 10-year US bonds and the dollar index.
The Fed has already reached the limit in raising rates.
This means that the yield on 10-year bonds will no longer grow (for gold, this opens the way above the historical maximum).
The situation is similar for the dollar index.
Of course, we can still see some panic in the markets that hello to the growth of DXY and put some pressure on gold, but only locally.
⚙️ According to technical analysis, gold is near its historical high, but the indicators are not overbought, as these levels are already well traded.
Over the past 3 years, the price touched the historical high of $2080 three times, but returned under this zone.
ℹ️ Recall that the more often the resistance/support level is touched, the weaker it becomes.
🔰 Outcome:
We do not know exactly when the long-awaited increase will occur and we will not rule out another last wave of decline.
However, we will earn the maximum from this asset and the members of our channel already know how to do it.
There is such an opportunity and you can find all the information in the profile header 🎩
We can say with confidence that this year gold will show excellent dynamics and outperform many stocks in terms of profitability, so it is very important to have it in the portfolio.
👀 Торговые идеи это хорошо, но гораздо важнее торговая стратегия, которая приумножит твой капитал.
О том как ее создать я рассказываю на своем Телеграм канале: t.me/+SDGQbauVgnJhYmFi
📊 Торгую на бирже BingX:
bingx.com/invite/XLQBBK
О том как ее создать я рассказываю на своем Телеграм канале: t.me/+SDGQbauVgnJhYmFi
📊 Торгую на бирже BingX:
bingx.com/invite/XLQBBK
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