Gold re-shine due shadow of fear
Yes it was rebound about on support 1790, market still looked doubt with some global economics recovery even more that another war declared last week.
However, as seen on technical movement we can see that the retracement shock not as great as happened when Covid, Rusia-Ukraine and Bank Rush tragedies.
I believe it’s only usual price action happened on gold’s market, people are lured temporarily to converting their assets on to gold. My next believe is about “fair value” always being price magnet in every thing in market.
Just let see about gold’s pricing structure, we can say that nowaday it becomes more confident trailing over 1900. But however we should’ve realize that there’s another psychologic mind in market that make a bullish balance movement which is “fear at the TOP”.
I think the downward correction gonna happened soon during end of this year, evenmore if you notice on the graph there’s a huge gap that surely need to filled by the previous action.
However, as seen on technical movement we can see that the retracement shock not as great as happened when Covid, Rusia-Ukraine and Bank Rush tragedies.
I believe it’s only usual price action happened on gold’s market, people are lured temporarily to converting their assets on to gold. My next believe is about “fair value” always being price magnet in every thing in market.
Just let see about gold’s pricing structure, we can say that nowaday it becomes more confident trailing over 1900. But however we should’ve realize that there’s another psychologic mind in market that make a bullish balance movement which is “fear at the TOP”.
I think the downward correction gonna happened soon during end of this year, evenmore if you notice on the graph there’s a huge gap that surely need to filled by the previous action.
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