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forextechnicalanalysis
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Year end closing....
Most of countries tax year completion is based on Dec 31...
In that case most of institutional institutions avoid to keep such high assets in their balance sheets to avoid paying higher taxes so the sell off starts before year end.
In that way in my opinion huge correction going to be observed in gold, silver and other crypto assets like Bitcoin and eth.
Year end event is mostly cause high volatility in market if we track history.
All of us need to mange our risk wisely.
Every one just stay aware and careful...
#marektupdate #silvertrader #GOLD_UPDATE #ForexTechnicalAnalysis
Most of countries tax year completion is based on Dec 31...
In that case most of institutional institutions avoid to keep such high assets in their balance sheets to avoid paying higher taxes so the sell off starts before year end.
In that way in my opinion huge correction going to be observed in gold, silver and other crypto assets like Bitcoin and eth.
Year end event is mostly cause high volatility in market if we track history.
All of us need to mange our risk wisely.
Every one just stay aware and careful...
#marektupdate #silvertrader #GOLD_UPDATE #ForexTechnicalAnalysis
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