Factors to take into account๐ / XAUUSD๐ฐ
Gold drives us all crazy! We have been pending what the FED would announce, and they have spoken, they will put more money back into the economy. We were surprised that gold did not drop as much as it usually does on the 4th and 5th of each month. Farm payrolls helped drive up the price of gold on Friday. In the long term I expect the value of the USD to fall as more banknotes are being manufactured. That would be beneficial for gold.
We will be attentive to the price of gold in case it falls to 1679,205 where we will make purchases. I already bought at 1687.00 and I am not going to put Stop Loss because the price will continue to rise due to the things said in the first paragraph.
Good luck investors!
We will be attentive to the price of gold in case it falls to 1679,205 where we will make purchases. I already bought at 1687.00 and I am not going to put Stop Loss because the price will continue to rise due to the things said in the first paragraph.
Good luck investors!
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