Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold as the Predictor of Crisis
April 7, 2022 - (Gold Market Wire) - Gold has many roles, but its role as a predictor of uncertainty and crisis is perhaps its best. The past month is telling us just that.
With the onset of the Ukraine war, proper, we see Gold move up sharply. And now that the war is settling into a protracted mode it is selling off again.
The chart points out the support line clearly. If we start to close below, we loo likely to sell off again. The immediate crisis has passed, the protracted crisis is now being established. When the war picks up again, and uncertainty with it - Gold will rally again. But for now, it is a pause in the 'action' being portrayed in a reversal of price action.