Gold Bandits

A long time ago, Gold - physical gold for that matter was in high demand. In recent years bitcoin has been talked about as the gold replacement, what do you think?

Is there still value in gold?

Think back when people would rush to the mountains, in search of gold! Usually the guys getting rich, where the ones selling the shovels. Similar in crypto today, exchanges, brokers and "information sites" are the new shovels!

If we look at how respectful Gold can be, it's an awful lot easier to trade than most crypto currently.


We can see from the last post, the fake out and mark down. If you look back at the previous calls - pretty much the same, out and out respect. We are currently looking at a DXY pullback (up) which will lower the gold price before a nice rally for Gold sets in.

It would be good to get your opinions on Gold - BTC kill it off as we know it or will gold prevail?


Have a good week!


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.