XAU All that Glitters ain't Gold. $1467 to reload please.
Long term Uber bullish on Gold however at present holding on the support of the 21 day on the daily and trying to break 1790.
Looks doubtful that it will manage to cross 1910 at present and feel it needs to come down a wee bit and let the world have some relief by letting the stock market pump.
$1467 is what i've had in mind to reload on some biscuits and if it decided to break its ATH long the break out for any easy 20-30% .
Misconceptions Gold is rare it is'nt just needs to be mined and there is a cost associated with this .
Majority of the countries have increased their Gold reserves substantially since 2018 we are heading into the U.S elections later on which is an unknown along with China hovering over the U.S like a debt collector for tis $1.3 trillion owed ,new strain of flu possible coming this Autumn along with Q4 earnings which might be a bit of a shocker.
Just my thoughts people draw your own conclusions:)
Looks doubtful that it will manage to cross 1910 at present and feel it needs to come down a wee bit and let the world have some relief by letting the stock market pump.
$1467 is what i've had in mind to reload on some biscuits and if it decided to break its ATH long the break out for any easy 20-30% .
Misconceptions Gold is rare it is'nt just needs to be mined and there is a cost associated with this .
Majority of the countries have increased their Gold reserves substantially since 2018 we are heading into the U.S elections later on which is an unknown along with China hovering over the U.S like a debt collector for tis $1.3 trillion owed ,new strain of flu possible coming this Autumn along with Q4 earnings which might be a bit of a shocker.
Just my thoughts people draw your own conclusions:)