XAU/USD, The Beginning Of A Long Awaited Bull Run
In this analysis I look at the 6 month candle chart on Gold and Overlaid the Dow Jones Industrial Average.
You can see that the Gold price has followed the price of the DJIA nicely and appears to be playing out.
I have always wondered how people benefit from Bull markets how they get in or position themselves and the key is to prepare before hand aka have a few limit orders ready for the pullback picking up some nice deals on the way. It seems so obvious but its not because fear comes into play and you start to say well it may go lower and I'll get a better deal, then the run begins and your like well I better jump in I'm missing the run and the market has a pullback then you sell at a loss.
If you can see the BIGGER PICTURE you should be fine. RISK Management is Critical to your success, Most are zoomed into the daily, hourly or even the minute charts this is were the algorithms get you! As humans we are not designed to run 24/7 we need a brake a walk around the block time to relax the stress from daily, hourly and minute charts are not needed.
With the world coming to what seems to be DOOMS DAY we can prepare for what is to come. That's right uncertain times.
With price falling in most markets even Gold this lines up for what seems to be the beginning of a decade long GOLD run. Now I'm not a genius by any means but to me makes logical sense. If the markets are falling and the dollar rising with the price of Gold falling. Once the Dollar tops when I don't know. The minority of people to me will stack their dollars into Gold as it's been the safe haven for 1'000s of years.
I hope this give you some prospective on what I'm seeing and helps you out.
I'm not a professional and this is NOT financial advice, If you seek financial aid please see a licenced professional.
You can see that the Gold price has followed the price of the DJIA nicely and appears to be playing out.
I have always wondered how people benefit from Bull markets how they get in or position themselves and the key is to prepare before hand aka have a few limit orders ready for the pullback picking up some nice deals on the way. It seems so obvious but its not because fear comes into play and you start to say well it may go lower and I'll get a better deal, then the run begins and your like well I better jump in I'm missing the run and the market has a pullback then you sell at a loss.
If you can see the BIGGER PICTURE you should be fine. RISK Management is Critical to your success, Most are zoomed into the daily, hourly or even the minute charts this is were the algorithms get you! As humans we are not designed to run 24/7 we need a brake a walk around the block time to relax the stress from daily, hourly and minute charts are not needed.
With the world coming to what seems to be DOOMS DAY we can prepare for what is to come. That's right uncertain times.
With price falling in most markets even Gold this lines up for what seems to be the beginning of a decade long GOLD run. Now I'm not a genius by any means but to me makes logical sense. If the markets are falling and the dollar rising with the price of Gold falling. Once the Dollar tops when I don't know. The minority of people to me will stack their dollars into Gold as it's been the safe haven for 1'000s of years.
I hope this give you some prospective on what I'm seeing and helps you out.
I'm not a professional and this is NOT financial advice, If you seek financial aid please see a licenced professional.