Gold bullish long -
Despite that bond and dollar are winning territory doesn't mean everything is going well. Let's not forget that fundamentals and economics are important to predict prices. Gold tend to do good in bad Economic periods.
Remember what Powells said - '' the economy is not ready to recover soon'' this means that gold its an asset value and hedge again inflation. This is why gold remained bullish last week - make sure to read my previous analyses, while everything seemed to indicate a further bearish correction, pure fundamentals and economic showed that it was not easy to continue undervalue gold. It is important to still hold in mind that there is an intrinsic value to consider.
However, keep In mind that a bearish continuation is still possible too.
Regards,
Kevin Best
Remember what Powells said - '' the economy is not ready to recover soon'' this means that gold its an asset value and hedge again inflation. This is why gold remained bullish last week - make sure to read my previous analyses, while everything seemed to indicate a further bearish correction, pure fundamentals and economic showed that it was not easy to continue undervalue gold. It is important to still hold in mind that there is an intrinsic value to consider.
However, keep In mind that a bearish continuation is still possible too.
Regards,
Kevin Best
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