2023 will be the year of GOLD
Why? It is because of 2 things:
1. Smart money flow. 2021 was the year of riskier assets like stock and crypto... 2022 was the year of US dollars. 2023, with FED easing their policies, money will start flowing back into the market, starting with commodities. And the star of the show will be GOLD, a safe haven for every investor. This is not saying that crypto and the stock market will continue to be bearish, I mean that commodities like GOLD can easily outperform crypto in 2023.
2. Doji candle on the chart. XAU closed the year candle at $1821 and created a long-legged Doji candle. This is the signal of reversal. After two years of accumulation, this is the time for GOLD to shine. We estimate Gold can reach at least $2500 in 2023, which is at least 37% up from this point. But, you can wait for a better entry at around $1600-$1700.
If you are not interested in trading commodities, we still have another prediction with crypto. Which is we will have a rally in 2023, the potential is there, Bitcoin can rally to 28k, and altcoins can also perform pretty well in maybe the first 6 months of 2023, until FED decides to PIVOT again.
We have bought some Bitcoin and Ether for good luck, and you can do the same. 2023 will be our chance to make some profit after a long winter.
We will you a Happy New Year. Stay safe and happy trading.
1. Smart money flow. 2021 was the year of riskier assets like stock and crypto... 2022 was the year of US dollars. 2023, with FED easing their policies, money will start flowing back into the market, starting with commodities. And the star of the show will be GOLD, a safe haven for every investor. This is not saying that crypto and the stock market will continue to be bearish, I mean that commodities like GOLD can easily outperform crypto in 2023.
2. Doji candle on the chart. XAU closed the year candle at $1821 and created a long-legged Doji candle. This is the signal of reversal. After two years of accumulation, this is the time for GOLD to shine. We estimate Gold can reach at least $2500 in 2023, which is at least 37% up from this point. But, you can wait for a better entry at around $1600-$1700.
If you are not interested in trading commodities, we still have another prediction with crypto. Which is we will have a rally in 2023, the potential is there, Bitcoin can rally to 28k, and altcoins can also perform pretty well in maybe the first 6 months of 2023, until FED decides to PIVOT again.
We have bought some Bitcoin and Ether for good luck, and you can do the same. 2023 will be our chance to make some profit after a long winter.
We will you a Happy New Year. Stay safe and happy trading.
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