My toughts for Gold for the first half year of 2023 is bearish.
On a technical level gold is nearing alot of resistance areas, also alot of gold bugs
are extremly bullish and thats not a good sign.
On a macro level i belive everyone is expecting inflation and rates to peak.
This in my oppinion is what will cause the next spike of rate hikes and inflation.
As the dollar goes down the inflation peaks back up. Its a vicoucs cycle that the
central bank have created. It will not end bad.
I will post my longer term ideas but in reality i belive something realy bad will happen
timeline 2027-2030.
Remmember we do not gamble our money we invest it.
Thanks for your time.
On a technical level gold is nearing alot of resistance areas, also alot of gold bugs
are extremly bullish and thats not a good sign.
On a macro level i belive everyone is expecting inflation and rates to peak.
This in my oppinion is what will cause the next spike of rate hikes and inflation.
As the dollar goes down the inflation peaks back up. Its a vicoucs cycle that the
central bank have created. It will not end bad.
I will post my longer term ideas but in reality i belive something realy bad will happen
timeline 2027-2030.
Remmember we do not gamble our money we invest it.
Thanks for your time.
Note
Remmember solid investing is boring. Do not make the mistake of doing this for excitment. Once we identify opportunity or we sell/buy. We have to wait and be patient. Set you stop, set your proffit range and go and have fun in your day to day life. Do not glue yourself to the screen, it wont make the trade go faster or better.Note
Also remmember gold stocks and gold is not the same thing.Note
Note
Risk is increasing and the weekly RSI is at risky levels.Scenarios can be a retest of the 200MA.
The way i play this is to buy junior gold stocks, if a selloff i will buy the stock
and then wait until a new leg up in gold.
Note
Please like and fallow, will help me out creating a bigger fallowing and sharing my ideas.Note
Check out my buy dust for shorting gold idea. Thats going to be my play for playing gold if it drops.
Disclaimer
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.
Disclaimer
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.