As the saying goes, a cannon fires, and gold comes in thousands; as the saying goes, collecting in prosperous times brings gold in troubled times. Since the conflict in Russia and Ukraine, the performance of gold has been remarkable. Note that when I say remarkable, it is relative to the stock market. Of course, relative to Russia's ruble exchange rate, it is also remarkable.
Judging from the daily K-line chart, since the conflict between Russia and Ukraine, gold and the stock market have gone in an obvious reverse trend. With the global stock market plummeting, gold has made rapid progress, with an objective rise, from around 380 to the 420 line. , an increase of about 10%. As investors paid less attention to this event, the gold price once again fell back to the 390 line and fluctuated; on March 15, the Federal Reserve raised interest rates for the first time , the gold price did not fall, that was Because investors have already digested interest rate hike expectations .
Judging from the month K-line , since gold hit a new high of 460 in August 2020, it has fallen more and risen less in the past 17 months, and is still down about 15%. In the long run, the Russia-Ukraine war did not completely reverse the trend of gold. In other words, the war did not make gold reach a new high. Once the war ends, or the Federal Reserve raises interest rates for the second or third time, gold will inevitably return to its previous high. The old path of shock and decline continues.
Judging from the inflation in the United States and Europe, continuous interest rate hikes are inevitable, and the trend of gold is worrying!
Judging from the rebound of global stock markets , as long as a higher-level war does not occur, the short-term stock market will not break the previous low, and the trend of gold is still worrying.
Gold and resources commodities have roughly the same characteristics, that is, they rise for one year, fall for one year, and adjust for three to five years. At present, the one-year decline has been completed, and it is on the way to adjust for three to five years. There may be various events in the process, and the gold price may rise to varying degrees. Please remember: these are the "last stubbornness" of gold!
is gold, hold it and observe it! When risks come, please remember that Teacher Yang is the whistleblower.
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