simple TA and some outside thoughts
---Bullish Thoughts---
1. most recent action is showing higher highs with higher lows
2. stimulus checks should be arriving soon and the people that aren't in deep financial trouble could use the money to invest
3. supply has drastically diminished (physical)
4. mass amounts of USD being printed, people will want to get out of cash
---Bearish Thoughts---
1. DXY showing to have a break up on the weekly chart
2. Mountain of Gold found in Congo (will this massive new supply crash the gold market?)
3. Break down of a trend line dating back to march 2020
4. insane premiums deterring some investors from entering the market
1. most recent action is showing higher highs with higher lows
2. stimulus checks should be arriving soon and the people that aren't in deep financial trouble could use the money to invest
3. supply has drastically diminished (physical)
4. mass amounts of USD being printed, people will want to get out of cash
---Bearish Thoughts---
1. DXY showing to have a break up on the weekly chart
2. Mountain of Gold found in Congo (will this massive new supply crash the gold market?)
3. Break down of a trend line dating back to march 2020
4. insane premiums deterring some investors from entering the market