I see people are getting crazy seeing the new all time high prices of gold but for me the bigger picture is quite scary.
According to me, the bullish cycle of gold is about to end and we may see the generational top on gold very soon.
I may sound funny but if we consider the elliott wave, this is quite possible scenario and ofc it will require some fundamentals/news. idk. But this is what i see.
So, i think you should be careful here and If you thinking to buy gold long term trust me this absolutely not the right time and if you have past investments in gold i think its time to sell those bags in coming days.
Best of luck!!
Hope it helps 🙂
According to me, the bullish cycle of gold is about to end and we may see the generational top on gold very soon.
I may sound funny but if we consider the elliott wave, this is quite possible scenario and ofc it will require some fundamentals/news. idk. But this is what i see.
So, i think you should be careful here and If you thinking to buy gold long term trust me this absolutely not the right time and if you have past investments in gold i think its time to sell those bags in coming days.
Best of luck!!
Hope it helps 🙂