03.freeman
Long

Long term investments - 2019: BUY XAUEUR

OANDA:XAUEUR   Gold/EUR
Long term investments - 2019:
This is a first post on long term investment for 2019. Others will follow.
Every serious investor establishes a solid money management with a balanced risk factor.
Investing 100% of your savings in forex or crypto currency is like make a blind all in at poker.
So a key factor is to choose which asset allocation suites better for you and to found low risk investments on long term.
This investment and assets suits my needs.

My first choice is XAUEUR because:

1- Global Risk Index is higher then 2018 and 2017 (ref. europa.eu):
GOLD UP because investors typically look at gold as a safe haven during times of political and economic uncertainty.

2- Why buy XAUEUR and not XAUUSD . Gold is always exchanged in USD so XAUEUR is a cross: why is better buy XAUEUR than XAUUSD?
US ecominic politics push for a strong US dollar: EURUSD DOWN. Actually (this week) EURUSD is retracing up to a resistance level near 1.1500, but then it will probably go back to 1.1200 so its a good time to buy XAUEUR because, when USD will be stronger again, XAUEUR will go up very quickly.

3- Price found a strong resistance (green line) in 2017 and 2018 (yellow circles): now this resistance line is broken and will work as support while next resistance level is far higher.


Look at the precision of my study with renko charts!

Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out