Gold Trend for December
My idea was to look for patterns with some conditions such as after it being realised, the same results are always observed; here, especially right after an historic level pivot high.
Then an analysis of the market behaviour when outcomes are more uncertain;
remember, Gold beta is negative ! Uncertainty makes it value go up since it is mainly used as a store of value, great against inflation but not really productive. and Uncertainty also fades going forward, and now, it's just the fact that we had no previous wordly pandemic like this one that we are so uncertain about the outcome ! Plus all the nations facing each a crisis, in different ways but right now..
But we already are drastically learning and improving, look at the past ! wars, plagues, krachs, etc, crisis that brought a lot of uncertainty but still faded =)
Merry Christmas y'all !
My idea was to look for patterns with some conditions such as after it being realised, the same results are always observed; here, especially right after an historic level pivot high.
Then an analysis of the market behaviour when outcomes are more uncertain;
remember, Gold beta is negative ! Uncertainty makes it value go up since it is mainly used as a store of value, great against inflation but not really productive. and Uncertainty also fades going forward, and now, it's just the fact that we had no previous wordly pandemic like this one that we are so uncertain about the outcome ! Plus all the nations facing each a crisis, in different ways but right now..
But we already are drastically learning and improving, look at the past ! wars, plagues, krachs, etc, crisis that brought a lot of uncertainty but still faded =)
Merry Christmas y'all !
Trade closed: target reached