The year 2021 was a bad year for gold, which for many is seen as a store of value against inflation. The gold that year was negative 7.50% today 12/29/2021. But looking closely at the graph, we are in a period of accumulation (symmetric triangle). Figure pattern in which is Reversal. Will it be that next year we will see gold rising like the previous year? My opinion is that this accumulation is an accumulation and continuation giving continuity to the previous movement. Seen this way I see that gold will perform better in the year 2022!!!
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
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