While preparing for the apocalypse, you must not only dig for shelters and store canned goods, but also buy gold. Weight 400 tons precious metalwho bought in this quarter Central bank, i.e. things that are not the same as last year, suggest that banks are hoping for the best, but preparing for the worst. Regulators act aggressively when XAU/USD they shop gold and dark world they show true value. As a result, what happened shh mlo metal track hovering above 1700 USD per ounce.

ncup dynamics of gold that The parties Central bank

Its November rally was based on several factors at once. First, at the expected republican elections v America mid semester choice. If a Democrat loses control of Congress, then we will v in 2023When American economy it dries recessionthey should not expect broad fiscal stimulus to support growth. Connected by stty not all other countries will be better off, except America’s position in the near future dollar oh trump.

For species, global risk sentiment is improving. History shows that even in the first 12 months after the midterms choice they reach American stock best results of of all the presidential equations of the species world wolf.

And as for aunties, no matter how optimistic one wants to think otherwise, they are crazy recession. The march was originally proven by facts, e America vnosov kivka is about 40 years old minimum. m vc will be American economy to hurt the writings of many politicians Fedtm n will decrease income sttnch bonds. m will be slower Fed write my policy, the more negative the effect dollar. I provide arguments in favor of purchasing precious metal according to him, slowly falling on gold and foreign exchange reserves Central bank.

Dynamics of American Dollar on gold and foreign exchange reserves Central bank

For the weekly rally pru XAU/USD of 5.7%, of course, would not have been possible without an avalanche of speculative results short active position goldwhich is near its highest level in November.

And that’s anyway Fed made the final decision when he announced the easing of monetary restrictions. Gold although initially reacted with a downturn, subsequent rallies suggest that as the policy money write cycle matures, metal track usually spread kdla and lift the weak at that dollar and fall US government bond imports.

From a technical point of view, it shows on the daily chart of gold some signs of a “bearish” trend change. This is a triple bottom pattern, fast entry precious metal outside the relative value letters, spn test dynamic resistance in the form of high shear and break averages border long term decline commercial channel. Under these conditions, gold should buy on rebound from support at 1.702 and 1.692 USD per ounce.

Link author: Tm Instaforex

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