Gold is an economic instrument fed by the war economy.. Although Russia Ukraine war puts great expectations on gold prices, it will be disappointing...
In wartime, people chose gold because it had limited supply and invested in economic instruments that could be used anywhere..
but now the game has changed. Now we have Bitcoin!
Now wars are also waged economically. The Russia-Ukraine war has made the West's dreams of sanctions against Russia come true... This will of course benefit Bitcoin! not Gold!
Here is monthly chart of Gold...
Gold chart seems very bearish. MACD Indicator is going down and may go to down... There is same pattern in 2013 and now...
After annoucement of economic sanction for Russia, Gold price down... Because there is Bitcoin. Digital Gold. Due to the sanctions, Russia's money will flow to digital currencies, not Gold..
Sorry for Gold investors who wants war to take profit...
Here is Bitcoin monthly chart. RSI Indicator is on support line.
We will see what if RSI indicator be supported...