➡️ Metals rallied significantly in the previous week, even considering the drop on the Fed's head comments on Friday. The US dollar remained stably neutral, which allowed investors to start buying the precious metal at local lows. There was also a local need for safe assets in the capital markets.
Some dubious news for the growth of metals comes from Bloomberg, who write that this year ETFs are smoothly getting rid of GOLD and do not bet on it in the long term, while interest in BTC is growing. Against the background of the steady growth of the cryptocurrency rate, investors are beginning to consider BTC, and not GOLD/SILVER, as a tool to protect against inflation. Some hedge funds, collected from precious metals, generally confirm the trend. While inflation is growing in the world, interest in digital assets will increase.
Perhaps this is another "Fake" from large and respected institutes, although there is actually interest in BTC, it is another matter whether it strongly influences metals negatively, as they say ...
For GOLD, the forecast for the week was made earlier, and you can familiarize yourself with it at the link below. SILVER (XAGUSD), is expected to rise as well. The entry point should be expected in the price area around the level of 24.00540 (look at the chart). Risk / reward ratio = 1/3.
🔔Proposed deal for this tool🔔:
🔵Entry Point - 24.10438
⛔️Stop Loss - 23.87105
✅Take Profit - 24.80438
Thanks for your comments and likes 👍
Some dubious news for the growth of metals comes from Bloomberg, who write that this year ETFs are smoothly getting rid of GOLD and do not bet on it in the long term, while interest in BTC is growing. Against the background of the steady growth of the cryptocurrency rate, investors are beginning to consider BTC, and not GOLD/SILVER, as a tool to protect against inflation. Some hedge funds, collected from precious metals, generally confirm the trend. While inflation is growing in the world, interest in digital assets will increase.
Perhaps this is another "Fake" from large and respected institutes, although there is actually interest in BTC, it is another matter whether it strongly influences metals negatively, as they say ...
For GOLD, the forecast for the week was made earlier, and you can familiarize yourself with it at the link below. SILVER (XAGUSD), is expected to rise as well. The entry point should be expected in the price area around the level of 24.00540 (look at the chart). Risk / reward ratio = 1/3.
🔔Proposed deal for this tool🔔:
🔵Entry Point - 24.10438
⛔️Stop Loss - 23.87105
✅Take Profit - 24.80438
Thanks for your comments and likes 👍
