Depending on the 200d MA, and considering the long Bull flag, and on the other hand, looking at the economic outlook and the state of inflation and US interest rates and Possible weakness of the dollar index, we can consider the main movement of gold as an uptrend until almost the end of 2022, or even a few months earlier, Gold could be traded in the range of nearly $ 3,000 .
Perhaps if it were not the current interest and transfer of a huge amount of capital to the cryptocurrency market, we could be seeing much higher rates of gold now.
What do you think about this scenario? shall we got ready for this?
Perhaps if it were not the current interest and transfer of a huge amount of capital to the cryptocurrency market, we could be seeing much higher rates of gold now.
What do you think about this scenario? shall we got ready for this?