SELL… but wait, Why Sell?

2023년 10월 19일

For an accumulation of reasons:

1. DXY Firstly did a fake breakout retest previous support. It got rejected and finally it will continue to go above106.8$ up until 108$.

2. According to technical analysis, gold is forming an obvious divergence when compared to RSI in the 1 hour timeframe. A strong correction is highly probable.

3. Michael Burry was right. Let’s take a minute to admit the fact that inflation is not as under control as analysts are trying to convey. Economic data proves the opposite.

4. Fed rate hikes I are certain for 2023, making Q1 2024 a certain hike period for the Feds with a new roadmap.

5. Gold have reached its all year liquidation levels compared to the volume of Sell postions taking place by VCs. (Read the news)

6. T-Bonds seems to grab investors’ attraction making gold seem having a lower ROI for the long term.


(This is not a financial advice nor financial analyst but rather my opinion supported with facts from the economy and news)