skyisthelimit1
Long

Gold - Long-term BUY/BUY ON DIP

OANDA:XAUUSD   Gold Spot / U.S. Dollar
I am bullish on gold . So are all the institutional investors and central banks.

My money or your money did not bring gold from 1180 to 1550 in few months. Hasn't been this high since the price came down from the crash/recession.

To me there are only 2 explanations:

1) Gold is severely underpriced/undervalued

Or

2) Central banks/big investors are preparing for recession/crash in markets, therefore, moving their money into gold

I think everyone learned from mistakes made in 2008. This time, gold has made the first move.
And december/january are best months for gold anyway (you can see the charts for yourself)


I will buy gold on dips, i have a separate budget for gold , so i advise you not to put all your money into gold or something.
I don't think it will drop too much ..anything is possible, but i have started buying gold now. and Will continue to buy , even if it drops to 1400.

I anticipate gold to move up in december, january. And for USD to have a correction/crash a bit. And of course, if the markets crash with it, that would be an added bonus.


Entered trade Nov 19 - BUY at 1467
Will buy more if it drops , as long as outlook is bullish to me.
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