{"id":17790,"date":"2021-05-17T07:31:24","date_gmt":"2021-05-17T05:31:24","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17790\/"},"modified":"2021-05-17T07:31:24","modified_gmt":"2021-05-17T05:31:24","slug":"has-everyone-forgotten-about-the-gold","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/has-everyone-forgotten-about-the-gold\/","title":{"rendered":"Has everyone forgotten about the gold?"},"content":{"rendered":"<table cellspacing=\"0\" cellpadding=\"4\">\n<tbody>\n<tr>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">Gold<\/span>\u00a0 1853,78<br \/>\n(<span style=\"color: #008000;\">+0,56%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">EURUSD<\/span>\u00a0 \u00a01,2128<br \/>\n(<span style=\"color: #ff0000;\">-0,13%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DJIA<\/span>\u00a0 34264,50<br \/>\n(<span style=\"color: #008000;\">+3,08%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">OIL.WTI<\/span>\u00a0 65,405<br \/>\n(<span style=\"color: #008000;\">+7,03%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DAX<\/span>\u00a0 \u00a015454,50<br \/>\n(<span style=\"color: #008000;\">+1,80%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">A careful reader of our newsletter will remember that we asked a similar question about a month ago. Indeed, traders&#8217; interest in the yellow metal has declined due to the downtrend and lower volatility. And it was then, a month ago, that we advised to pay attention to gold again. What has happened in the meantime?<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nGOLD<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-17791 aligncenter\" src=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/05\/GOLD.png\" alt=\"GOLD\" width=\"600\" height=\"237\" \/><\/p>\n<p align=\"justify\">Exactly what we predicted happened. Both technically and fundamentally.<br \/>\nLet&#8217;s start with the technical picture. The pattern on the chart is still the same, it has not changed. The moment the gold broke the upper line of the descending channel, we estimated that a new uptrend starts and the fall ended. Then a double bottom appeared on the chart and the price immediately pushed up from it. Again we noted that this was a powerful bullish signal. The price went up without stopping, breaking through the 50-day moving average at first. And now it has already approached the 200-day moving average.<br \/>\nAnd what about the fundamental point of view? The situation looks extremely absurd. All industrial commodities have risen strongly in the face of accelerating inflation. And gold, which for centuries has been considered the main anti-inflationary asset, has fallen. Naturally, this absurdity could not continue. The yellow metal has started to rise again. However, this growth does not look too strong. Therefore, the end of the new medium-term trend could be far away.<br \/>\nWhat could prevent this from happening? What is hanging over the market like a sword of Damocles. It&#8217;s not even an interest rate hike in the US, just talks on the subject. In this case gold is simply an asset which is falling, on a par with stock market equities, emerging currencies and commodity futures.<br \/>\nOne thing remains true. At the moment there is little focus on gold. It will rise sharply once it passes the $2,000 level. Which means the yellow metal still has a lot of potential to move on the risk\/reward ratio.<\/p>\n<p align=\"justify\">04.00 Retail sales in China for April<br \/>\n16.05 Clarida FOMC speech<\/p>\n<hr \/>\n<p style=\"text-align: center;\" align=\"justify\">Important Notes on This Publication:<small> <\/small><\/p>\n<p align=\"justify\"><small>The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold\u00a0 1853,78 (+0,56%) EURUSD\u00a0 \u00a01,2128 (-0,13%) DJIA\u00a0 34264,50 (+3,08%) OIL.WTI\u00a0 65,405 (+7,03%) DAX\u00a0 \u00a015454,50 (+1,80%) A careful reader of our newsletter will remember that we asked a similar question about&#8230;<\/p>\n","protected":false},"author":37,"featured_media":17595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Has everyone forgotten about the gold? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"A careful reader of our newsletter will remember that we asked a similar question about a month ago. Indeed, traders&#039; interest in the yellow metal has declined due to the downtrend and lower volatility.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/has-everyone-forgotten-about-the-gold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Has everyone forgotten about the gold? | Bernstein Bank\" \/>\n<meta property=\"og:description\" content=\"A careful reader of our newsletter will remember that we asked a similar question about a month ago. 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