Hello traders,
According to the latest report by the World Gold Council, central banks are poised to increase their gold reserves due to growing skepticism about the US dollar.
The survey reveals that over 80% of respondents expect reserve managers to boost global gold holdings, with nearly 30% of banks planning to increase their reserves.
The shift towards gold is driven by the desire to reduce risk and prepare for ongoing uncertainty in global politics and economics, as well as to capitalize on gold's long-term value and its diversification benefits. Recent concerns about the potential weaponization of the US dollar and unpredictable events like the 2022 invasion of Ukraine have further contributed to the shift.
Central banks see gold as a strategic asset amidst continued global uncertainty.
Technically, on this 4H chart, gold is making a wide sideways price action. You could see it as t a potential H
S reversal pattern or a continuing pattern which gold is rising to finish the right shoulder, targeting the red dash line, following the right green arrow.
GOOD LUCK!
LESS IS MORE!
According to the latest report by the World Gold Council, central banks are poised to increase their gold reserves due to growing skepticism about the US dollar.
The survey reveals that over 80% of respondents expect reserve managers to boost global gold holdings, with nearly 30% of banks planning to increase their reserves.
The shift towards gold is driven by the desire to reduce risk and prepare for ongoing uncertainty in global politics and economics, as well as to capitalize on gold's long-term value and its diversification benefits. Recent concerns about the potential weaponization of the US dollar and unpredictable events like the 2022 invasion of Ukraine have further contributed to the shift.
Central banks see gold as a strategic asset amidst continued global uncertainty.
Technically, on this 4H chart, gold is making a wide sideways price action. You could see it as t a potential H
S reversal pattern or a continuing pattern which gold is rising to finish the right shoulder, targeting the red dash line, following the right green arrow. GOOD LUCK!
LESS IS MORE!
10 year 4H swing trader! Wechat: ziyuvera
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10 year 4H swing trader! Wechat: ziyuvera
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。