What a year it's been for gold and it's only MARCH!
Once again, Gold proves to be the safe, safer and SAFEST haven of all markets and stands the test of time.
With the psychological price breaking above $3,000 - this is unprecedented.
Here are some reasons why Gold is going up and it should go up further from here.
FUNDAMENTAL REASONS FOR GOLD UPSIDE:
Global Unrest:
Political instability in regions like Eastern Europe is nudging investors to turn to gold as a safe haven. 🔥🌍
US Policy Shifts:
Uncertainty over US monetary policy and potential interest rate changes is steering more money into gold. 🏦🤔
Emerging Market Struggles:
Rising debt and capital outflows in emerging markets are driving both governments and investors to bolster their gold reserves. 📉🌐
Trade Tensions:
Ongoing trade disputes between major economies are adding market uncertainty, making gold an attractive refuge. ⚖️💼
Central Bank Moves:
Several central banks are diversifying their reserves by purchasing more gold, reinforcing its long-term appeal. 🏛️💹
TECHNICALS Are screaming a BUY!
Rounding Bottom pattern has formed and within it is a Cup and Handle
Cup and Handle
Price> 20 and 200MA which is a big one.
Target $3,337
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Once again, Gold proves to be the safe, safer and SAFEST haven of all markets and stands the test of time.
With the psychological price breaking above $3,000 - this is unprecedented.
Here are some reasons why Gold is going up and it should go up further from here.
FUNDAMENTAL REASONS FOR GOLD UPSIDE:
Global Unrest:
Political instability in regions like Eastern Europe is nudging investors to turn to gold as a safe haven. 🔥🌍
US Policy Shifts:
Uncertainty over US monetary policy and potential interest rate changes is steering more money into gold. 🏦🤔
Emerging Market Struggles:
Rising debt and capital outflows in emerging markets are driving both governments and investors to bolster their gold reserves. 📉🌐
Trade Tensions:
Ongoing trade disputes between major economies are adding market uncertainty, making gold an attractive refuge. ⚖️💼
Central Bank Moves:
Several central banks are diversifying their reserves by purchasing more gold, reinforcing its long-term appeal. 🏛️💹
TECHNICALS Are screaming a BUY!
Rounding Bottom pattern has formed and within it is a Cup and Handle
Cup and Handle
Price> 20 and 200MA which is a big one.
Target $3,337
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.