Previously, we knew that BTC rises are now narrowing the money inflows to gold in the market.
Now I don’t know the Buy-Short position ratio.
But I believe that the decline in BTC and the potential of Gold will lead the money back to Gold .
Even if the FED begin to tapering move, let’s not forget that the money printed will cause .
Currently, it is possible to try to adjust the market rate with reverse repo.
The Fed has shown that it will turn a blind eye to . Low bond yields and make gold even more attractive.
Probably , will be problem next term.That can design global market politicy
If we look at XAUXAG now, we see that it is in a recovery from the bottom.
I have never heard of the holding silver in its reserve.
The BTC market can be seen as a long-term investment vehicle. But the market is extremely speculative.
We’ve been seeing it in manipulation lately. Also, negative news has an extreme impact .
It’s like a ceiling in stocks and stock markets lately.
While things are like this, I see a potential in Gold . (Not Investment Advice)
Technical interpretation based on .
I don’t think the red trendline will be broken.
I think the correction ABC waves are complete.
Also, C of ABC correction wave looks like left TOBO’s shoulder.
Possible targets are 2050-2200.