GOLD the shinny metal sustaining the RUB
With U.S FED re-affirming its intention to fight inflation and Russia having its reserves in gold whereas U.S being reliant on foreign debt and oil for the workings of the U.S dollar. I now expect a deep relentless dive in gold markets. Target 1070$ and possibly lower in the next 12 months. Nevertheless this will not be in one go. There are many levels where price could bounce to further trap Gold bugs.
Operación cerrada: objetivo alcanzado:
Too risky to keep shorting. Best to close and re-enter higher.
I am not a financial advisor.
The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.