Inflation is the term that indicates rising prices for goods and services in an economy, while rapid and out of control rising of prices indicates Hyperinflation.
While following the rapid increase in prices of commodities and metals such as Lumber LBS1! and Iron Ore
TIO1!
, it is accurate to say that global economy is being driven to Hyperinflation due to mismanagement of economical struggle caused by Covid-19 Pandemic.
Gold offered and offers strong potential for gains in economic struggles and even after economic recovery occurs, given how undervalued at this time relative to high prices of commodities.
Taking all these fundamentals into consideration combining with technical analysis, Gold price does not reflect its value.
You may see my long position strategy below and on the chart,
Entry Point: 1870.00
1st Target : 1950.00
2nd Target: 2075.00
3rd Target: 2180.00
Stop Loss : 1800.00
Thank you and stay tuned for more strategies!
Please leave a like and comment what you think.
Trade safe and have a nice Monday
While following the rapid increase in prices of commodities and metals such as Lumber LBS1! and Iron Ore
TIO1!
, it is accurate to say that global economy is being driven to Hyperinflation due to mismanagement of economical struggle caused by Covid-19 Pandemic. Gold offered and offers strong potential for gains in economic struggles and even after economic recovery occurs, given how undervalued at this time relative to high prices of commodities.
Taking all these fundamentals into consideration combining with technical analysis, Gold price does not reflect its value.
You may see my long position strategy below and on the chart,
Entry Point: 1870.00
1st Target : 1950.00
2nd Target: 2075.00
3rd Target: 2180.00
Stop Loss : 1800.00
Thank you and stay tuned for more strategies!
Please leave a like and comment what you think.
Trade safe and have a nice Monday