ZILATRADES

Gold big buying opportunity

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Due to interest rates hiking and a very high probability of hikes further in the future. We will see a decrease in spending which will cause a deflation,Although this wil happen in the future and in the meantime the economie is going in a recession. the recession is going to cause a flee to wealth preservation. One popular hedge in though times is and will stay is gold. Combining this and a change in momenten via technical analysis this substantiates my prediction. possible retrace wil happen to 1817, and in my opinion I would set a stop loss in 1783. Take profit would be around 2000 maybe even higher. This is not financial advice just my opinion. Good luck and stay wealthy

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