No political stability, Only economics
Wife, taking into consideration, the political instability that have been dominating in the middle eastern region, and Eastern Europe. It has been evident that gold has been dominated by a lot of interconnected economic and political shocks, however, have been reacting negatively and positively due to a lot of futuristic speculation that could indicate some politic, some political treaties, and even some economic Stabilization such as inflation softening.
With that said technical analysis is never sufficient by itself, but even adding up to all these interconnected economic and micro events, gold should find some liquidation levels and hit some psychological levels such as $2360.
Disclaimer, please note that this is not a financial advice nor any guidance for any financial analysis so please don’t take this analysis into consideration, but try to learn from it from the educational aspect only.
With that said technical analysis is never sufficient by itself, but even adding up to all these interconnected economic and micro events, gold should find some liquidation levels and hit some psychological levels such as $2360.
Disclaimer, please note that this is not a financial advice nor any guidance for any financial analysis so please don’t take this analysis into consideration, but try to learn from it from the educational aspect only.
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