RedHotCandlestick
Long

Gold - A trade for the brave

FX:XAUUSD   Gold Spot / U.S. Dollar
Dear community,

today we are introducing a rather risky trade with a chance/risk ratio of AT LEAST 2:1 - Gold             long. The facts are perfectly obvious why we are suggesting to 'call' Gold:

Looking at the chart we can clearly define the support level , which seems to hold and send the price back direction North. The next indicator, playing into this theory is the good old RSI ; strongly oversold, indicating a potential turnaround.

Last but not least the stock markets, which proof to be quite weak due to several factors such political situations like the presidential elections in the US, the OIL             market etc. - An old saying states 'If in doubt leave it out, or buy Gold'.

As mentioned above the trades comes with a chance/risk ration of at least 2:1, something we can not say no to especially during our currently running **€100 to €1000 FOREX Trading Challenge**.

Good luck
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