XAUUSD.GOLD (Y20.P3.E2).Macro.Structure
Updated
Hi All,
No doubt with today's climate, gold will continue rising and silver shadowing it.
However with silver, we can't just assume that it will follow gold for the price rise is usually based on industry demand, for basically electronic products.
My guess would be with the coming of the economic slow down, Silver demand will decrease whereas gold besides industry demand\industry applications, its also a hedge against the dollar.
So I have 2 charts here, based on what people say about Gold and the other a major guess on the structure.
The guess would be that gold will keep going up until a new balance comes to the global financial monetary system and its sure not going to be the dollar.
Please give me a like or tick for this post.
Regards,
S.Sari
GOLD overview potential structure
No doubt with today's climate, gold will continue rising and silver shadowing it.
However with silver, we can't just assume that it will follow gold for the price rise is usually based on industry demand, for basically electronic products.
My guess would be with the coming of the economic slow down, Silver demand will decrease whereas gold besides industry demand\industry applications, its also a hedge against the dollar.
So I have 2 charts here, based on what people say about Gold and the other a major guess on the structure.
The guess would be that gold will keep going up until a new balance comes to the global financial monetary system and its sure not going to be the dollar.
Please give me a like or tick for this post.
Regards,
S.Sari
GOLD overview potential structure
Note
my chart update
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