In the midst global problems, both from the economy, politics, the military, and the pandemic. This makes investors quite confused where they should keep their money. But if there is an agreement, I'm sure there will be a massive movement.
In the current situation we know there are 3 main safe havens that investors look up to: USD, Gold, Bitcoin.
It's difficult to predict the current direction of the market, however there are several events that might occur to make the market direction more reactive, and I have prepared these 3 scenarios:
1. If the Russian invasion is getting wider, the war will be the main focus. then gold will be bullish.
2. If the fed is more aggressive, and the American inflation rate improves, the USD will be bullish. But gold didn't fall too deep
3. If the world is getting more stable, and the fed reduces its hawkish tone, then Bitcoin will be bullish.
Anything can happen, I hope the war will end asap, the world will be at peace soon, and the political and economic situation will get better.
Do not forget to always use money management.
Good luck!
XAUUSD DAILY
In the current situation we know there are 3 main safe havens that investors look up to: USD, Gold, Bitcoin.
It's difficult to predict the current direction of the market, however there are several events that might occur to make the market direction more reactive, and I have prepared these 3 scenarios:
1. If the Russian invasion is getting wider, the war will be the main focus. then gold will be bullish.
2. If the fed is more aggressive, and the American inflation rate improves, the USD will be bullish. But gold didn't fall too deep
3. If the world is getting more stable, and the fed reduces its hawkish tone, then Bitcoin will be bullish.
Anything can happen, I hope the war will end asap, the world will be at peace soon, and the political and economic situation will get better.
Do not forget to always use money management.
Good luck!
XAUUSD DAILY
