Tagi - look
I. Market evaluation (Fundamental Analysis)
- The very first rule of gold is that the price has always increased whenever a crisis occurred so far. There are many reasons for the price to go up, such as trade struggles, inflation, climate change, etc. and whether these impacts are more or less, they are all the premises to leverage gold prices.To get more news about WikiFX, you can visit wikifx news official website.
- In the last half of century, gold price has experienced 2 very strong increases. The first round was when governments gave up the policy of controlling gold price and eased the ban on private ownership of gold, happening around 1970. The price of gold then seemed like a long-term repression that had the opportunity to launch, in the exactly same time when economic and political points are more volatile, creating a "gold rush" speculation, price soared from 35 USD/ounce to 800 USD/ounce in 1980.
- It was a time when gold prices were at their peak, and from there began to go down after central banks sold out tons of gold. By 1999, each ounce of gold cost only 250 USD. - The downtrend then ended when European central banks agreed to coordinate in selling gold to stabilize this precious metal price. China also expanded the object of people allowed to own gold, the amount of buying back increased. Exchange-traded funds (ETFs) - which represent gold-holding investors - also create favorable conditions for people to hold the bullion.
Also from 2003 to 2011, the annual demand for gold has increased from about 2,600 tons to more than 4,700 tons, pushing prices up to a peak of 1,900 USD/ounce in 2011, then hindered market demand. As a result, the price has dropped to only 1040 USD/ounce by the end of 2015 and early 2016, from then until 2019, when central banks started lowering interest rates, dragging government bond yields down, gold become more attractive to investors.
So the question now is whether gold (XAU/USD) will continue to increase in 2020-2021 or not? And what factors will play the main role?
1. Economic Instability
Thanks to special physical properties, gold is both a special commodity and a currency to store and trade. Since ancient times, gold has always played an important role in the economy, with the role of real assets used to reserve, whenever the world economy is unstable, people will rush to buy gold. The reason is that when the economy is difficult and unpredictable, doing businesses will become more struggling, other high-risk investment channels, declined securities, devalued currencies, etc. gold is considered as the most convenient safe haven asset. Great buying demand will push gold price up.
2. US - Index
Because the currency US dollar acts as an international payment currency, and the world price of gold is also traded in US dollar, so the relative value of gold is expressed in US dollars. Therefore, when the USD depreciates, it means that gold price increases and vice versa.
3. Gold Supply
Because gold is also a commodity, its price also changes according to the law of supply and demand. There are three factors that change the world's gold supply.
· First, the nation's gold reserves policyIf one or several countries decide to buy gold to store in large quantities, the world gold price will increase and vice versa. Therefore, monitoring the world's news regarding gold trading policies of major central banks will be good for predicting gold prices.· Second, the influence from the gold trading of large fundsCurrently there are a number of large funds holding huge amounts of gold. Every movement of these big players will has a strong influence on world gold prices. In particular, these funds have launched fund certificates to attract many speculative investors into this market.These funds include:- IMF: holds about 3,100 tons of gold- SPDR Gold Trust: This is considered the largest gold investment fund in the world. This fund currently holds about 768 tons (2019).
· Third, the world gold production/mining
The countries known for having the largest gold mining output in the world are China, Australia, Russia, USA, South Africa and Canada. Every time the mining output in these countries declines, it will cause world gold prices to rise and vice versa.
Since the Covid-19 pandemic began to spread from the beginning of 2020, putting the world into a deep crisis, companies filed for bankruptcy are increasing, unemployment rate goes up day by day. In addition, those lockout policies to limit the widespread of Covid-19 epidemic have caused a decline in exports, forcing the world's central banks to launch bailouts for their economy. In the US, for example, the US Federal Reserve has launched a $ 2,000 billion bailout package, leading to a decline in bond yields and an increase in the risk of inflation, which has slipped prices for other assets and currencies.
- However, the pandemic situation is still quite complicated in the present context, the second wave has come back in quite a lot countries and territories, plus the widespread situation is quite unpredictable, for example, Australia and several US states have reported a spike in new cases of virus infection as well as Latin America or India, the second largest consumer of gold bullion in the world.
The green buck seems to recover against the Canadian dollar as it makes the slow climb after sell rout and which may be just a correction move as the down rally cools off albeit temporarily. Also, this week the dollar was given a jack in the arm after the federal reserve upbeat economic outlook that they stated this mid-week, which was way different from the projections they had stated prior during the month of June meeting.To get more news about WikiFX, you can visit wikifx official website.
Also, though not implicit but according to my readings between the lines, it seems Chair Powell or the board members at large, are or may be confident that, the American economy will recover faster than expected even against global coronavirus pandemic.
Starting the trading month of September, market structure has been making an ascending channel making higher highs and higher lows and you can see buyers are rejecting any down moves or price bid to the down side as seen by those green piercing candle that were two of them that formed during yesterday trading day session.
More than the key levels as clearly enumerated on the charts, market participants are awaiting todays retail sales data from Canada and if falls short of market forecast, then we expect supporting limit or stop orders to the upside especially after break and retest of yesterday trading session high.
Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.
Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa
The time has come for you to take part in the seminar that is being held in exile in order to discuss the events that are going to take place in November. I want to talk about these in this content, but if you really miss the report on the activities that took place in November, I will add a link to the content that you might want to watch first before watching this one, so keep that in mind. I want to talk about these in this content, but if you really miss the report on the activities that took place in November, I will add a link to the content that you really miss. In any case, despite the fact that some of these factors won't have much of an effect, there will be two changes and one clarification made. People who are in the elite class and who are trying to compete for very high awards in these events are primarily the focus of two of the three talking points. In the third possible outcome, the main character is almost directly involved in the sequence of events that are being explained from the very start.
Even though the deep diving competition will only be a competition with a depth of 600 feet instead of a competition that will last for a week, the deep diving competition will still last for a week. This is because the competition will be held at the same location. Because of this, they are going to act in this manner. The reason for this is that you can keep playing for as long as you like, but the game is over as soon as someone reaches the depth of 600 in your advantage. The creators of ggg have stated that one of their primary goals is to design a game that can be easily played by players who have limited amounts of spare time. If they so choose, they can cram between 100 and 110 hours of gameplay into a single week. This is entirely up to their discretion. They do not want these people to have any significant advantages over the other people in this group. Now, despite the fact that they will be the most skilled players in the game, they still hold some advantages; however, this will be the extent of those advantages. As a result of this, we have set our sights on reaching 600.
In the following week, rather than the primary goal being to continue making progress, the secondary goal will be to reach 600.
As a result, in the past, GGG has been known to disperse Path of Exile currency that they refer to as demigods. These have terrible statistics, and as a direct result, the characters become significantly larger as result of using them. As time goes on, this is also due to the fact that their possessions eventually reach the standard, as well as the fact that the majority of the demigods have eventually reached the standard up to this point. Despite this, there are still a significant number of players who have not pulled out of the application system as of yet. However, once these players have completed a league, their skins can no longer be traded to other players and cannot be used in subsequent leagues. However, they are still eligible to participate in the temporary league. If you aren't motivated by the typical competition, then I'm willing to wager that the majority of them will be able to figure it out. The goal of this is to supplant them with the proud micro trade of the god killer, and there is a possibility that this will become something in the future. If you don't care about who you are, you'll find that you can buy a generic trinket in a single store and have no further use for it after that.
There are many different leagues that could benefit from the implementation of something similar to this. It can only be used in one league that is higher than the demigod award, which is an award that remains active for a considerable amount of time. They had originally intended to give fewer rewards in the beginning, but it appears that they have recovered this point after hearing some feedback. As a consequence of this, Path Of Exile Skill Tree Guide they will give more rewards than they had originally planned, and as a consequence of this, this is the method by which rewards are being doled out at the moment. There will be a total of 19 god killers up for grabs, and they will be given to the top players in each promotion for hardcore solos. After that, there will be an additional six players added to the solos, six additional players added to the transactional soft cores, and six additional players added to the transactional hard cores. These won't become a new sentence type; rather, they're simply the top six players in this game mode's rankings.
If it is one of the other events, it means that in order to reach level 100, you have to be one of the first six players to finish the event.
It is essential to keep in mind that the element of trading will absolutely reign supreme in the event version of the game if it is implemented. On the other hand, I have high hopes that a well-coordinated group of seven players will win the standard version of supporting transactions and supporting core transactions. This is true regardless of whether they are competing in chaos or in various locations. I am referring to a total of seven players, with only six of those players having participated in the game's actual content. The seventh player in the group is then given the responsibility of acting as the group's trader. If you are not in the group that will receive the final score, you do not need to pay any attention to the game because you will not be in the same group as the person who will receive that score.
The container certainly has an odd appearance to it. The fact that strong opposition to the ug decision in the past was directly responsible for strong opposition at this time is an intriguing illustration of this point. As a result of this, Path of Exile 6-Link Items Carnegie Games will give a mysterious chest to every player who has reached level 50 during the event that takes place in December 2021. The maximum number of prizes you can win is five, due to the fact that there are five competitions within each competition. The garbage prize of the mysterious box is what it is, but for some people, it is enough to make them feel as though they have no choice but to participate in this game no matter what happens. After that, you will notice that people will begin to complain that I am compelled to play endless robbery, challenge, or delirium everywhere, and the most recent delirium everywhere event was a very unfortunate occurrence. The mysterious box is a worthless prize, but for some people, the thought of winning it is enough to convince them that they have no choice but to participate in the game, no matter what. They are under the impression that they need to reach level 50 in order to be eligible for this stupid reward, which is basically pointless in any case.
Give those players the opportunity to have their say, and then reduce the number of players until there is only one left. Everyone who came forward a year ago with this information was attacked and even pillaged in this manner. Congratulate ggd on initially listening to you and then retaliating against those who complained about how stingy it is because they did both of these things. Congratulate ggd on initially listening to you and then retaliating against those who complained about how stingy Path Of Exile 3.8 Best Maps (take a look) is. In any event, there is only one mysterious box, and it contains two interesting case studies. Additionally, it explains why the developers do not have a unified road leading to exile. On the other hand, there are some members of the community who have priorities and goals that are diametrically opposed to one another. Some of their requests are met by GGG, which is to be expected.