WIG/Gold (1M, Heikin Ashi) - still in downtrend
Dears,
Polish wide market from different point of view. We are still in downtrend. However, here we have two different variables... The second one is a Gold price. When there is a problem with inflation, gold price mostly (in more than 80% cases) is going up.
However, the current inflation is rather unique (mostly cause of energy price reason) and there is completely no guarantie if the price of golg would sustain it's increase when interest rates are still being increased. IMHO, the gold price would increase in shorter term rather than longer. The energy prices should moderate the market cash float, especially when the interest rates would still being increased.
With all the best,
Paweł
Polish wide market from different point of view. We are still in downtrend. However, here we have two different variables... The second one is a Gold price. When there is a problem with inflation, gold price mostly (in more than 80% cases) is going up.
However, the current inflation is rather unique (mostly cause of energy price reason) and there is completely no guarantie if the price of golg would sustain it's increase when interest rates are still being increased. IMHO, the gold price would increase in shorter term rather than longer. The energy prices should moderate the market cash float, especially when the interest rates would still being increased.
With all the best,
Paweł
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