Quantum Bullion Exchange Board (“QBEB”), formerly known as Quantum Metal Exchange Board, is the gateway to international bullion trading, investment, and business ventures platforms around the world. QBEB with its affiliates QMEI, and ACO Gold Sdn Bhd (“ACO” – a subsidiary of Quantum Metal Sdn Bhd and ASEAN Co-operative Organization) have an existing 60 million members within ASEAN countries. QBEB aims to be the world’s renowned Shariah Commodities Hub where it creates unlimited bullion investment and trading opportunities globally in a secured and transparent environment.
To Establish A Professional Shariah Bullion Hub Governing Body That Safeguard Members’ Interest And Benefit In The Global Market.
Wednesday, August 25, 2021
Pandemic turning the world economy upside-down
With the pandemic turning the world economy upside-down, many have turned to gold as a safe haven. Also, because of government spending and the Federal Reserve printing trillions of dollars out of thin air (trillions with a "t"), many experts feel that one ounce could reach as high as $10,000 over the next few years! There are no certainties, of course, but since gold has historically had an inverse correlation with the dollar's value and tends to perform well during inflationary periods and economic uncertainty, there is a perfect storm brewing for gold to increase substantially over a 3-5 year period. It's time to think about how to position your investments now so that you can ride the upcoming wave.
Thursday, September 09, 2021
Gold price intraday technical analysis
The price of gold has fallen in recent sessions, but interestingly found support at a strong technical level. Since Fed's Kaplan called for the taper to start in October. The price fell from the consolidated high of $1834/oz to below $1800/oz again. Looking at the chart the highlight came as the rising wedge formation broke to the downside. The price then stalled at the high volume node of the next distribution marked in blue. Further down there is another support at the red zone where the price bounced back in late June near $1780/oz. Beyond that, the major support on the higher timeframes is at the consolidation low of $1718/oz. If this breaks it could be trouble for the bulls. On the topside, the price has a few hurdles to break before the bulls can get too happy. First up is the red horizontal line which is the volume point of control (VPOC). This is where the most amount of contracts exchanged hands on the chart. Above that, the price could retest the chart pattern structure. This often happens to confirm the pattern break. The toughest level is the green resistance. This level at $1832/oz has been tested and rejected four times. For now, any break below the blue zone could confirm a new lower high lower low. The VPOC is a sticky zone for price and the price could come back to test the area again.