🌞🙏🏾Good day everyone.
Today we will discuss #Gold. Strong growth. A new high was made and immediately a short position was taken, and sales volumes decreased.. at the moment a trend reversal is happening and everyone who is afraid is exiting positions.. According to some data, 🇨🇳 bought large volumes of gold even at the highs, but why?
1. Making money on gold with the aim of speculation is a very bad idea. Money is made on gold in the long term of 10-20 years.
2. Gold is widely used in the construction of spacecraft. There are hints that 🇨🇳 is planning to actively explore space, specifically Mars, with the help of robots over the next 20 years. During this time, gold will be widely destroyed, and the price will increase. A rise is expected until 2045. Approximately in the range of 20k-25k USDT.
3. To buy a large volume, you need to force holders of a particular asset to sell it.
At the moment, Gold is forming a descending triangle which indicates a decrease in value. For about 2-4 years.
Wishing everyone a good work week 🦾🛸🧘🏾
#gold #Binance
