The U.S. Dollar is too strong at the moment. XAUUSD (Gold) may go a little lower. What also bothers me is that double tops. That is a strong rejection.
Additionally, a recent study shows that many new Generation Z are interested in Cryptos NOT Gold. Basic supply/demand indicates that there might be less demand for Gold. Things have changed a lot since the World Wide Web. Gold and Silver may not be a thing to invest in any more.
Additionally, a recent study shows that many new Generation Z are interested in Cryptos NOT Gold. Basic supply/demand indicates that there might be less demand for Gold. Things have changed a lot since the World Wide Web. Gold and Silver may not be a thing to invest in any more.
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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.