Gold Still Resting At the Support
As will be the norm much more often than not, my precious metals analyses will be part and parcel of the freely accessible Stock Trading Signals analyses. Here within Gold Trading Signals, you‘ll find the trade position calls and surrounding reasoning regarding gold whenever required.
Enjoy today‘s gold analysis – it‘s the second half of it as usually.
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Monica Kingsley
Stock Trading Signals
Gold Trading Signals
www.monicakingsley.co
mk@monicakingsley.co
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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I have only been trading Gold to the downside since November. Its possible that BTC is having an effect here as as the new digital gold?
Hi Jeffrey, BTC benefited most from all the 2020 money printing, and continues so. But that alone doesn't explain gold's woes – there isn't a rush to the safe haven (BTC demand is speculative, based on growing adoption as well), and the markets are focused on nominal rates a bit too much – yet they are, that's the way it is. Gold needs new Fed intervention, and the central bank is dragging its feet still. Among much else.
Thanks Monica for the analysis.
Gold is dragging its feet but I believe it isn't far off a fun day.
Cheers.
Arthur.
Thank you dear Arthur. Well, Powell disappointed the market, which really want action as I have written in the main article. Please check my market update within comments there. Good evening.