Having a look at the density of golds rally this year.
My speculation still deploys uncertainty in risk trends. Causing massive investors interesting to start stashing money in gold. This is usually a key device in unmasking the potential market sentiment of major risk oriented assets.
Are we anticipating some sort of financial hiccup. Or Global growth reduction?
These kind of questions are at bay. When Safe Haven assets get a influx of flow in this fashion. So we are closely monitoring the behavior of gold.
Technicals- Large resistance at 1350s 1360s. Very large resistant level. We have to keep a sharp watch at what happens at this level.
If we remove this level.= Parabolic bullish momentum.
My speculation still deploys uncertainty in risk trends. Causing massive investors interesting to start stashing money in gold. This is usually a key device in unmasking the potential market sentiment of major risk oriented assets.
Are we anticipating some sort of financial hiccup. Or Global growth reduction?
These kind of questions are at bay. When Safe Haven assets get a influx of flow in this fashion. So we are closely monitoring the behavior of gold.
Technicals- Large resistance at 1350s 1360s. Very large resistant level. We have to keep a sharp watch at what happens at this level.
If we remove this level.= Parabolic bullish momentum.
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ITs happening guys. Parabolic momentum.
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cheers
