I see a potential for gold to make a big pullback of about 2000-3000pips in up coming months.
A few factors of fundamentals in place is that gold need to make a discount before climbing further.
with the new cabinets of US and trump restructuring the port folio of the system that may seems a little haywire now but he's previous holding has shown great impact in USD doing well for a certain period hence I believe USD is ready for its strengthening that relatively giving a short bearish season for GOLD.
when can it be? NO body will know it however its good for us to be prepared and adjust our strategies accordingly.
A few factors of fundamentals in place is that gold need to make a discount before climbing further.
with the new cabinets of US and trump restructuring the port folio of the system that may seems a little haywire now but he's previous holding has shown great impact in USD doing well for a certain period hence I believe USD is ready for its strengthening that relatively giving a short bearish season for GOLD.
when can it be? NO body will know it however its good for us to be prepared and adjust our strategies accordingly.
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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.