I know a lot of traders are positioning themselves for price fall in gold!
this is something to consider .........
The most important thing is to realize that the Fed's rate hikes are ending. "That is a huge psychological boost to get the gold price through $2,000 and the old $2,050 high
The second thing to realize that inflation is not done. One driver that will push inflation expectations higher is China reopening. The big shock of 2023 will be China seeing a massive rebound, putting a lot of pressure on commodities and adding to the inflationary pressures.
Be very careful when reading your gold chart and use protective stops.
this is something to consider .........
The most important thing is to realize that the Fed's rate hikes are ending. "That is a huge psychological boost to get the gold price through $2,000 and the old $2,050 high
The second thing to realize that inflation is not done. One driver that will push inflation expectations higher is China reopening. The big shock of 2023 will be China seeing a massive rebound, putting a lot of pressure on commodities and adding to the inflationary pressures.
Be very careful when reading your gold chart and use protective stops.
