continue long the gold!!!

12 jul 2022

Gold still oscillated at the bottom in a rectangular shape according to previous expectations. Although it broke slightly yesterday, the magnitude was not large and did not have an excessive impact on expectations. The Nasdaq has entered a bear market, and the downturn in the stock market will stimulate safe-haven funds to go to gold, which will strengthen the price of gold. In addition, although the Fed said on the surface that it would raise interest rates by a large amount, it should not raise interest rates on a large scale, because if they raise interest rates on a large scale, the United States will face a double blow of high inflation and economic recession. Let the United States enter stagflation, and the government will be helpless at that time. I expect the U.S. government should use other means to adjust the economy, instead of raising interest rates all the time, so this is another positive for gold prices