Daily Charts - Gold Market prognosis

Callum_Thomas
12-05

1.Gold Market prognosis

-gold $Gold - main 2502(GCmain)$ price (US$) is overvalued

-sentiment/positioning contrarian bearish

-(but) trend is still strong +monetary tailwinds

Check out the detail behind this gold market snapshot:

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2.Remember those simple market cycle charts? How clean and clear it all is...

Here's how it really works -- almost always harder than you think while you are in the process

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3.Bubbles are one of the most fascinating aspects of finance and human/crowd psychology... these historical examples go to show how this phenomenon is a constant through time because people are a constant.

Also kind of makes your head spin seeing prices go up 10x in the space of a year (and right back down again).

$.DJI(.DJI)$ $.IXIC(.IXIC)$ $.SPX(.SPX)$

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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