Before Bitcoin gets its millions of fans worldwide, it was the shiny, glittering gold that everyone wants to have a piece when the market is uncertain. In some countries like India, gold is used as a form of dowery. The more gold you put on the bride, the better and more prosperous you are.
In China, people are hoarding up gold to prevent their own currency, yuan from falling further. Read here.
Look at the daily chart, it has moved up steadily without much pullback thus far. Could it be the recent spate of bitcoins and alt coins giving investors the cold chill to move some of their funds back to Gold ?
I am awaiting for an opportunity to buy at a lower price, hopefully if Mr Market allows it. Let's see how it turns out to be.
In China, people are hoarding up gold to prevent their own currency, yuan from falling further. Read here.
Look at the daily chart, it has moved up steadily without much pullback thus far. Could it be the recent spate of bitcoins and alt coins giving investors the cold chill to move some of their funds back to Gold ?
I am awaiting for an opportunity to buy at a lower price, hopefully if Mr Market allows it. Let's see how it turns out to be.
Note
The shiny days of Gold have returned. Congrats to those who followNote
hit the nice blue dotted line (resistance) now retrace. buy on pull backsNote
i hope you bought some gold, congrats to those who follow
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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.
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.