What do you need to know when trading gold these days?
All the news websites are talking only about the price of gold and how it can go up further.
Does it make sense? Don’t miss this video…
I have explained everything in detail from a fundamental and technical point of view.
Previous GOLD Analysis – BIG SHORT #1
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Hey guys welcome back to the channel in this video I will share with you the best investment idea for 2024 which is gold we are going to look at the fundamental and Technical perspective I did the same forecast during March 2023 about gold and it worked out
Perfectly you can find the link on the comment section below so if you are new to the Channel please don’t forget to hit the like button and subscribe so let’s begin on March 11 2020 the world first faced a large scale pandemic with covid-19 at that time the price of gold was
1458 in panic and fear many investors decided to invest in gold to protect assets from the events that this unknown disease could have caused gold has been since anra time times as a store of value for all of you that don’t know in times of financial instability and Tool
Associated with major events the immediate increase in demand for gold caused its price to rise and reach its peak on August 2020 at the value of 273 as you can see from the chart it was reached near this area here after that we can see that as the
Vaccines were produced in this period of year and escalating thisas normal normalized and the price of gold began to fall reaching another so it reached 1680 on March 8 2021 this was also another situation that was very important for the gold price and also for all the economies
That were facing this type of Crisis that was never seen before after that moment the inflation started Rising during this period of time and sealed unold situation in the end mean that the price of gold did not decrease more than 1680 and uh later on February 24th 2022
World opinion was faced with the conflict between Ukraine and Russia so this was another important moment that we have to remember this point here we are going to look at the Historical perspective so what has happened during the past 3 years and we can see that this was a
Very big problem fortunately for us it was not the beginning of the World War I however speculations about the World War 3 and panic rise the price of gold again near 2073 on March 8 2022 and this was another top that was created for gold price so this is an
Insane situation as you can see here this is the top that was tested several time by the gold price the since the war situation between Ukraine and Russia did not escalate further the price started to fall reaching 1615 on September 28 2022 so this was also another good uh
Topic for the economy but at this moment we had to face another problem this was the problem related with the inflation at this moment the price has to face inflation levels that were dating Back 40 years ago it was a crazy situation with all the major economies
As long as we have seen that the prices has been very expensive in all our countries and the situation from that moment was never getting better here so from this point during the months of June and August 2023 23 the world’s largest economies face inflation levels dating Back 40
Years the unstable economic situation and the high inflation already imp Ed from the price of oil and natural gas caused by the war between Ukraine and Russia caused the price of gold to rise again creating a floor near 1615 as we have seen this is the point
Where the price created this floor here and later the price increased again so from this point the price increase started once again another really situation overall we are talking about this wave here right now so all the market was talking about the higher expensive price and where the situ this
Situation was going to end and later the market had to face another problem another problem happened at this point here on March 10th 2023 we had the biggest failure ever in many years over 5 days in March 2023 three small and medium-sized US banks failed we had Silicon Valley
Silvergate Bank and Signature Bank this Trier to bank panny causing the price of gold to rise again to his highest peak since uh 20 78 and here we have the top that was created from the banking crisis very important moment again because we are talking about the banking uh system the
Trust in the banking system and it was very uh sensitive situation probably it was more important than the previous ones that we Face near the stops here so this was followed also from another problem for the third time during the last three years the world has to face
With this great crisis of banking system which was followed also by the collapse of the credit Swiss bank credit Swiss has been one of the Switzerland leading financial institutions since it was founded in 1856 to pre to prevent the situation from affecting more Banks Global industry Regulators including the
Federal Reserve the Bank of Canada Bank of England the bank of Japan European Central Bank and swiss National Bank stepped in to provide extraordinary liquidity to stabilize the created situation the panic and fear disappeared lowering the price of gold to the pre banking crisis by pushing it down close
To this point here this is the point where the price was pushed down this is our area close to 1815 where it was at the beginning of the banking crisis again the market had to face this strange situation but this was due to the intervention that the big
Banks already did here but the trust in the banking system is not as it was before however during uh this moment we had another problem as this uh as uh if this was not enough on October 7 2023 the conflict began with between Israel and Hamas this time we have another
Important moment if we are going to look at the charts so look at how dense where all these three years the war between Israel and the Hamas here once again the big economies face the fear and speculation of another big war the price of gold test the old
2073 area again but this time it tends to rise even more reaching alltime High near 2,45 approximately that we are talking about this toop here this is very important moment again the increase near to this Zone it was not related only to the war between Israel and Hamas because
It was stopped close to 2070 but now we are talking about another speculation that is not making sense anymore we are talking about a Fed rate cut that was created on December 4th and the market is now speculating that the FED is going to decrease the
Interest rates so why is all of this happening at this moment so let’s see this from a fundamental and the technical perspective the situation for the moment between Israel and Hamas is in the shadow for the moment no one is talking about this war anymore and the focus is
Turned only on the Fed rate hike considering that the inflation is slowing down on the other hand it is normal that all the other economies all the major economies stopped hiking the interest rates we can see Fed stopped hiking interest rates as well but on the other hand the speculation is happening
Because the market is speculating about this topic however from the feds representative we didn’t hear anything at all related with this topic they said that probably we have to keep the rates under control in this spous for a longer period of time in order to create price stability but they are not
Talking about a possible cut in the rate hikes so this is very strange so far we have to be very careful shared with you all the historical perspective that happened during these years considering that we have many big events they were very important we had covid-19 we had war
Between Ukraine and Russia war between Israel and Hamas the banking crisis we had also on Jun on June the dep ceiling problem that I forgot to mention here it was related in this point here so another big speculation and nothing happened so it will come a moment that
All the major economies including also fed it is normal that they will cut the interest rates but when they increase the interest rates we didn’t see gold moving down but on the other hand we can see that we have also the geopolitical prams so in the same situation if they
Are going to cut the interest rates we should not expect gold to increase in this way it is not making sense considering the geopolitical problems are already calm down I hope that we are not going to hear about any other conflict like the wars that we had before or any other problems like
Co9 and if this is going to be the end here despite what the market is already doing we can see that this area close to 2070 is holding very very strong so what I’m expecting from a bigger picture here we are on a weekly picture we can see
That we have this type of expanding pattern and this is expanding on the lower part of the chart and if this is going to be the right pattern it is likely that we can see this type of price developments here so we can see this big
Move this is a possible move that we can see for the price to expand probably it will not come immediately down because for this type of waves it is required a lot of time we are looking at for this movement in longer time frame perspective as long as the price spent
In this wave approximately 100 96 or 200 days probably it will be required nearly 1 year or more than one year for the bearish wave however the chances are that we can be in a possible bearish wave very soon on the other hand if we are going to look at on a daily
Time frame we can see that the price already faced another strong area here during these days the market was discussing about uh the fomc minutes at uh a possible new announcement from the feds representative that they are going to cut the interest rates during the first quarter or the second quarter but
They said that they may hold the interest rates in the same area for a longer period of time so we have to be careful it’s normal that the price should move down if we are going to look at on a daily time frame the current price situation is
That we have a possible top that was created near 2090 and this is increasing the chances for a bearish wave the targets that I’m looking at during the coming weeks that the market May face support this is what I’m looking at for stronger area but the price may
Spend time to come down this is the first area here if we are going to look at in this perspective another area close to 1,040 approximately and if this situation is going to improve it is likely that we may see the price to come down also to where where it was
Before near to the zone between uh the banking system problems and Israel and Hamas on the other hand we have to look at the Gold analysis step by step but the bigger picture that I’m looking at is that the price should continue moving down so this is everything for go for
Gold despite the speculation that the market is doing don’t believe too much to the big institutions to the news websites look at the picture is very clear at this moment it’s very clear about the historical situation and considering that gold is also an asset that is used as a value holder against
Big problems inflation Wars Etc the reason is that we can see a bearish movement rather than a bullish movement it doesn’t mean at all that the FED that if the FED is going to cut the interest rates the price should continue to rise it is likely that we may see
Everything to get normal very soon and the clear picture may come in this way so this was all for gold one of the best investments for 2024 this is only my personal opinion it is not Financial advice at all so do your own work as well I hope you enjoyed
This analysis please don’t forget to hit the like button and follow thank you see you on the next analysis bye-bye
3 Comments
Thank you Klejdi for all advice and analyses. All lesson I have taken from your chanel had been very useful.
Thanks ❤
Excellent explaination. Thank you.