Gold - Bullish circle
With the attack on the Ukarine, gold prices hit the old peak from Corona August.
After the last interest rate hike was announced, there was a series of consolidations on the commodity markets. Including the gold and silver prices.
Unlike the gold prices, the silver prices have hit an important support line, which I will also provide an update on.
Nonetheless, gold prices have taken an interesting chart-technical shape over the years. The mix of geopolitical and fiscal events has caused gold prices to slowly but surely adopt a bullish formation. We have impulses from several areas:
- rising inflation
- geopolitical problems
- higher US debt (another topic in the next silver article)
- Weakening of the crypto market and with it a restructuring of the liquidity inflows
Gold as a safe haven investment will definitely be an interesting topic. Also because this is considered a good headger for economic inflation.
How do you feel about gold? Do you own physical ?
Do you think gold prices will dominate in the long run? Are we then talking about worse economic data in the future?
If I forgot something or you want to add something, write your opinion in the comments.
After the last interest rate hike was announced, there was a series of consolidations on the commodity markets. Including the gold and silver prices.
Unlike the gold prices, the silver prices have hit an important support line, which I will also provide an update on.
Nonetheless, gold prices have taken an interesting chart-technical shape over the years. The mix of geopolitical and fiscal events has caused gold prices to slowly but surely adopt a bullish formation. We have impulses from several areas:
- rising inflation
- geopolitical problems
- higher US debt (another topic in the next silver article)
- Weakening of the crypto market and with it a restructuring of the liquidity inflows
Gold as a safe haven investment will definitely be an interesting topic. Also because this is considered a good headger for economic inflation.
How do you feel about gold? Do you own physical ?
Do you think gold prices will dominate in the long run? Are we then talking about worse economic data in the future?
If I forgot something or you want to add something, write your opinion in the comments.
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