gold and its future

well, the dolar had made such a big movment this year , but dont be fooled with what is going on lately , after all money value only exists on our minds , on the other hand gold is an necessary mineral for all manufactures , even the device iam talking with have few grams of gold in it , the point is that all the fears of buying gold and the price going down espically in the last 2 days of this post is one of the bigget bubbels i have ever saw in the market while going through the charts within the same time line , its normal for dollar to rise against other currencys and crypto becuase all of them have the same concept as usd , but in my personal opinion and according to the charts and many more factors , gold atm is in the best ever position to be a long investment for a range of 6-16 months , we all know that it will rise up soon when people realise what is going on in this market mess , so keep looking for reasons and do not listen even to me , but last time i checked the gold , i found out it cant be printed ! :0
note : this is my personal advice and its not an financial advice
note : this article may have spelling mistakes and thats becuase english is not my native language
note : the rsi is in the oversold area in the daily chart

ความคิดเห็น:

as an alternative bahaviour , the price has a chance to go down and make a new resistance at 1602-1580 , and the chances are possible and this may apply when the next fed meeting happens with the new 75 points hike so be ready !

ความคิดเห็น:

our predicition was correct and the price went down and went up again as expected , i beleive xauusd well be up for a long time now

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

nothing more to take here , the fed may start being aggresive again , i guess this is the best place to close this trade as the bears seem to come back soon .