RE: War gaming POLY Update.22 Jan 2023 19:23
The technical indicators and moving averages suggest that the price of gold is likely to continue to rise. Of the 18 technical indicators, 13 are Buy and 6 are Hold, while 26 of the 28 moving averages are Buy and only 2 are neutral. The fundamentals also support strong demand for gold, as the weakening of the US Dollar leads to an increased flow of money into safe real assets such as precious metals. Rising inflation and rising interest rates are bound to add fuel to the fire.
Not to mention the potential civil unrest in Russia following the failed war in
Ukraine. Therefore, it is likely that the price of gold and Silver shall continue to rise in the near future. IMOO DYOR