Gold: Time to take profit
Gold is considered as safe-heaven during turbulence on the market. It was demonstrated by the last couple of months outperformance.
However, the price level on Fibonacci's scale signals a good time for investors to take profit.
The 2% inflation target is still far away but the fed is raising the US interest rate on a slower path and the recession for 2023 seemed to be priced in the market, so the investors may switch to riskier assets.
However, the price level on Fibonacci's scale signals a good time for investors to take profit.
The 2% inflation target is still far away but the fed is raising the US interest rate on a slower path and the recession for 2023 seemed to be priced in the market, so the investors may switch to riskier assets.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.