Has gold reached its fullest potential? It depends on the US dollar.
As we can see when dollar declines, gold went up.
i) From 2001 to 2011, when dollar was down, gold went up.
ii) From 2017 to 2020, when dollar was down, gold went up.
iii) And from 2022 to current, when dollar is down, gold is up.
With de-dollarization, this also means gold may have more upside potential.
Mirco Gold Futures and Options
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
As we can see when dollar declines, gold went up.
i) From 2001 to 2011, when dollar was down, gold went up.
ii) From 2017 to 2020, when dollar was down, gold went up.
iii) And from 2022 to current, when dollar is down, gold is up.
With de-dollarization, this also means gold may have more upside potential.
Mirco Gold Futures and Options
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.