2021 Ranging market:
1-No trend momentum in the market for Gold
2- Investors reached kept building the portifolio
3-Waiting for the catalyser or the trigger scenarios
2022 The trending momentum engaged in GOLD:
1-The trigger, the Ukraine invasion climate #January
2- The invansion in Ukraine confirmed in this February...
3- The invansion created the "no way " sentiment to the investor.
So as you know, investor will rush to buy the safe heaven GOLD.
The analysis is the intermediate term trading - Not the short term or Scalping trading.
The investors always start by buying the easy piece of the market. By understanding the correlation of the markets, you can see the investor moves.
As GOLD is the safe heaven, putting mostly all the cash in Gold will lower the others market. Again this the proof of their involvment in the market.
So they can buy those market at very low price. Easy to understand, i suppose ?
If not, ask question, i will take time to answer :)
Readers,
Good trading and bail out the profits.
AKR :)