7k usd profit hit today im still holding to see this HS play out
Can someone explain to me why gold is still going down?
ArmanShabanTrading
3 hours ago
TheSecondGambler, Gold is currently under pressure due to a combination of factors:
Strengthening USD: A stronger dollar often weighs on gold since it makes the metal more expensive for foreign buyers.
Reduced Demand for Safe Havens: With increased market optimism and a shift toward risk assets, the demand for gold as a safe haven has decreased.
Interest Rate Expectations: Market speculation around delayed Fed rate cuts or even rate hikes is reducing the appeal of non-yielding assets like gold.
These combined factors are driving the bearish momentum in gold prices. Let me know if you’d like further clarification!
Captainobvious5454
in 11 minutes
ArmanShabanTrading, dont forget btc becoming an inflationary asset that rivals gold once trump assumes office and allows banks to hold btc!
so we can see gold decreasing in market cap while btc market is going up literally investors already reallocating thier money.
ArmanShabanTrading
3 hours ago
TheSecondGambler, Gold is currently under pressure due to a combination of factors:
Strengthening USD: A stronger dollar often weighs on gold since it makes the metal more expensive for foreign buyers.
Reduced Demand for Safe Havens: With increased market optimism and a shift toward risk assets, the demand for gold as a safe haven has decreased.
Interest Rate Expectations: Market speculation around delayed Fed rate cuts or even rate hikes is reducing the appeal of non-yielding assets like gold.
These combined factors are driving the bearish momentum in gold prices. Let me know if you’d like further clarification!
Captainobvious5454
in 11 minutes
ArmanShabanTrading, dont forget btc becoming an inflationary asset that rivals gold once trump assumes office and allows banks to hold btc!
so we can see gold decreasing in market cap while btc market is going up literally investors already reallocating thier money.
交易進行
gold attempting to breakdown from the neckline even though its 7% down is showing how much pressure the asset is experiencing
bears showing their heads up
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