MotherHustler

XAUUSD TRADE IDEA 3/7/2020

OANDA:XAUUSD   Gold Spot / U.S. Dollar
The increased media on the coronavirus, as well as the rising deaths at the hands of the virus is causing the value of gold to rise.

Gold is on a very strong uptrend right now and honestly, I don't anticipate it plummeting for a while. Take profits on the buy position are STEEP so ensure that you have the equity to be able to hold the trade long-term to truly capitalize.

President Trump released a $8.3 billion coronavirus package deal that is set to accelerate the create and administration of a coronavirus vaccine. This MAY cause a dip in the rising nature of gold, but will it stand?
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