ProFX_Strategist
Long

Do not be fooled by recent Gold price movement

FX:XAUUSD   Gold/U.S. Dollar
51 0 4
Do not get trolled by what Gold             is doing more recently...;

At this point in time it may seem that Gold             is trying to go down (& one might even be lead to believe that it may just be sliding back down into the lows after building such a strong rally-up)...

When in actual fact, I instead suspect that Gold             could be heading more into the highs (or even potentially new highs)... It should continue to get strong even if the USD starts strengthening once again... (Any US Federal Reserve's interest-rate hikes should push it down just temporarily..., but it will eventually start building-up to newer heights once again...)

This is a buy only market for the time-being (IMHO)...

This is just my 2-cents worth of trading idea/point of view...

Regards.
Aiming to be a "marksman" in scalping & "speculation". As retail traders, we are just "speculating" these markets-volatility in our retail-trading-platforms (E.g. we do not physically owned 100-Lots of Gold nor is storing a thousand-barrels of crude oil)
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out