While the price of Gold Continues to decline My MACD Daily chart is now just showing its "2nd green dot near the line. Also the Ultra Signal is saying short so two things are lining up there. The closet time get to the point where the price is going to change is reflected in the MACD it always give warning about the flow of the market. Yes some prices of things like Bitcoin can explode out of no where without warning and there will be sudden spikes in the signal line but that is rare.
I also wanted to mention that the more gold that is mined, the more there is in supply so the price comes down. Bitcoin is the opposite, there is only ever going to be a certain amount of bitcoin so it will get thinner across the world's population and its price should go up over time.
I also wanted to mention that the more gold that is mined, the more there is in supply so the price comes down. Bitcoin is the opposite, there is only ever going to be a certain amount of bitcoin so it will get thinner across the world's population and its price should go up over time.
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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.