Gold (XAUUSD) - Worldwide Austerity = $3,000 per/oz
Happy new year traders!
This is a perfect time to do a review on XAUUSD as it's the 1st month where you see the beginnings of the 6-Month candle form, which can be very powerful for gauging a bias.
It's sad to say but the more pain that is felt around the world, the more the rich accumulate assets. Gold is regarded as a save haven in times of turbulence and as we can see here, for the past 6 consecutive 6-month period, we have managed to close significantly higher and it does not look like the gravy train is about to end.
Psychological numbers work well in uncharted territories and with $2,790 being ATH, $3,000 seems reasonable right?
Well, the horrible truth is the more suffering that takes place in the world means the rich get richer which ultimately means a higher price for gold in the long term.
This is a perfect time to do a review on XAUUSD as it's the 1st month where you see the beginnings of the 6-Month candle form, which can be very powerful for gauging a bias.
It's sad to say but the more pain that is felt around the world, the more the rich accumulate assets. Gold is regarded as a save haven in times of turbulence and as we can see here, for the past 6 consecutive 6-month period, we have managed to close significantly higher and it does not look like the gravy train is about to end.
Psychological numbers work well in uncharted territories and with $2,790 being ATH, $3,000 seems reasonable right?
Well, the horrible truth is the more suffering that takes place in the world means the rich get richer which ultimately means a higher price for gold in the long term.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.