How Far Can Gold Rally? | Metals Mine

  • How Far Can Gold Rally?

    From orbex.com

    For over a month now, gold prices have been trending higher, gaining over 10% since the start of November. Naturally this poses the question of whether a new peak is coming, or will the precious metal keep moving up through next year. The prospect of inflation in the early part of 2023 might keep investors on the lookout for a place to store wealth. But there are things that central banks can do that might disrupt trends. In order to guess whether gold prices will continue their current trend, it’s important to get a good idea of why they have performed like this so far. While a diverse range of factors can be ... (full story)

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Trader#9EA9
Dec 5, 2022 11:36am
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Seems to me it is all over already since 60 minute candles are trading below 1774 which trades the market into a negative volatility envelope (volatility defined in this case as sustained deviation from the operative midline of the current flow (a dynamical measure) and not the static, heavily lagged statistical measure of dispersion that goes by a similar name). In any case we were trading in the downtrend from 2020 and there was always the reality that the so-called "rally" was a hopeful term encouraged by the daydreams of a section of the market betting on a rise in Gold --------> failing to respect the observable trend which is down. Happy trading

The Crow (-_-)
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