The U.S. Dollar is too strong at the moment. XAUUSD (Gold) may go a little lower. What also bothers me is that double tops. That is a strong rejection.
Additionally, a recent study shows that many new Generation Z are interested in Cryptos NOT Gold. Basic supply/demand indicates that there might be less demand for Gold. Things have changed a lot since the World Wide Web. Gold and Silver may not be a thing to invest in any more.
Additionally, a recent study shows that many new Generation Z are interested in Cryptos NOT Gold. Basic supply/demand indicates that there might be less demand for Gold. Things have changed a lot since the World Wide Web. Gold and Silver may not be a thing to invest in any more.