Hello guys,
Going into this first week of February, i am only looking for longs on gold. My bias shaped by the ongoing chaos that are ongoing worldwide.Most currencies and indexes are weak meaning that investors are rushing their money to gold hence it will be risky shorting gold. The chaos that i am talking about include the iran war, the trade deal, the just concluded brexit which investors haven't really shaped up their mind yet on whether its good for both the uk and the eu or bad. Last but not least usa president trump's middle east peace deal and his impeachment.
Going into this first week of February, i am only looking for longs on gold. My bias shaped by the ongoing chaos that are ongoing worldwide.Most currencies and indexes are weak meaning that investors are rushing their money to gold hence it will be risky shorting gold. The chaos that i am talking about include the iran war, the trade deal, the just concluded brexit which investors haven't really shaped up their mind yet on whether its good for both the uk and the eu or bad. Last but not least usa president trump's middle east peace deal and his impeachment.