Technical analysis of GOLD and what path for Bitcoin?
Someone asked about the gold view. I'm looking at the chart so I can do some economic analysis for you. Gold's market capitalization is too large at 12,187 billion dollars, so it's unlikely that it will increase by a large percentage at this time. Large capitalization as at present. In the short term, there are signs of increasing again, but the risk of reversal is very high and increases at most by a few percent. Looking at the longer term view, the D and W frames are in a downtrend. Overall, too. Gold's long-term trajectory still has growth. From a personal perspective, gold is a channel for storing assets. If considered an investment channel, there are many other better financial products. You see in the picture below, gold achieves peak of 2012, now in 2023, 10 years later, it will reach the old peak of 2012, so those who have kept gold for the past 10 years have not made a profit.