#Gold CBs buying, China importing, more stimulus planned, economies opening up, BASEL III rules coming, inflation has spiked, supply is harder than ever to bring online, money printing ATH.... Not rocket science.
More from Gold
From 1850 to 1990$ - the GOLD is getting more interesting. I will be adding up more if the resistance is taken off and the price follows through.
GOLD https://t.co/l6pEGDpAkL
GOLD https://t.co/l6pEGDpAkL
Most interesting chart:
— The_Chartist \U0001f4c8 (@charts_zone) February 12, 2022
Orange line = Gold
Blue Curve = Gold/S&P 500
Previously the ratio crossed 50 days MA in Feb' 20 with Gold giving a breakout on the charts. The previous cross of 50 days MA didn't result in gold breaking out. pic.twitter.com/HRG1fvsILp
What my simple analysis showed was the decadal breakout in making in #Gold along with the outperformance over S&P500 #SPX
Result?
1850$ to 2070$
Updated chart https://t.co/l6pEGD7r6D
Result?
1850$ to 2070$
Updated chart https://t.co/l6pEGD7r6D
Most interesting chart:
— The_Chartist \U0001f4c8 (@charts_zone) February 12, 2022
Orange line = Gold
Blue Curve = Gold/S&P 500
Previously the ratio crossed 50 days MA in Feb' 20 with Gold giving a breakout on the charts. The previous cross of 50 days MA didn't result in gold breaking out. pic.twitter.com/HRG1fvsILp