Bullish gold scenario
Hi market participants,
We are currently see a lot of fear and uncertainty into our markets. People have their assets sold. However fear in the markets always benefits investors in some way.
Gold has as you might see and all know, a possible strong 2 direction - why I stay bullish is that we now have nearly reached the value before the CVD19, per ounce.
With the hope that the vaccin will strongly help the economy to recover we might see an increase in demand. Supply will not directly be respected in relation with the demand and this will create a value in gold assets.
The reason why I do not gold see break the 1699 levels or the 61,80 % on fibonacci level is that, from a fundamental point of view, gold has still his intrinsic value, and this will mainly always be in mind of every investor.
Let me know your thoughts,
I am not a financial adviser !
Kevin
We are currently see a lot of fear and uncertainty into our markets. People have their assets sold. However fear in the markets always benefits investors in some way.
Gold has as you might see and all know, a possible strong 2 direction - why I stay bullish is that we now have nearly reached the value before the CVD19, per ounce.
With the hope that the vaccin will strongly help the economy to recover we might see an increase in demand. Supply will not directly be respected in relation with the demand and this will create a value in gold assets.
The reason why I do not gold see break the 1699 levels or the 61,80 % on fibonacci level is that, from a fundamental point of view, gold has still his intrinsic value, and this will mainly always be in mind of every investor.
Let me know your thoughts,
I am not a financial adviser !
Kevin
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