From a chart technical perspective we are nearly at the highest point of the cyclicality. It’s unbelievable if you recognize how many years it’s costs to stay there where we are.
Anyway, if we see at the fundamentals right now, it doesn’t seems that bad for gold:
- inflation isn’t peaking
- Russia Ukraine could getting more worse (I don’t hope so)
- Gold is hitting 1870$ for several times &
- (If we should gonna get more worse economic datas than gold will more rise)
We are at a level of 1870$ right now. We could nearly hit 1900/1920 (or even more) in middle of march. If the FED will hike the interest rates we are gonna see big pullback to much bigger lower levels like 1720 or 1640. For now…
Anyway, if we see at the fundamentals right now, it doesn’t seems that bad for gold:
- inflation isn’t peaking
- Russia Ukraine could getting more worse (I don’t hope so)
- Gold is hitting 1870$ for several times &
- (If we should gonna get more worse economic datas than gold will more rise)
We are at a level of 1870$ right now. We could nearly hit 1900/1920 (or even more) in middle of march. If the FED will hike the interest rates we are gonna see big pullback to much bigger lower levels like 1720 or 1640. For now…
