The last discussion to bring back the Gold Standard may be very bullish on Gold price, except that, Federal Reserve and European Central Bank are increasing the quantitative easing, which can also play a big role on Gold price, unless central banks stabilize the economical system.
Note
New cycle or downtrend is not over yet? There are 2 possible scenarios on ABC downtrend, unless we are not even on the downtrend and yet to form the 5 wave pattern.
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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.