Gold! BUY NEW LOWS UNTIL INFINITY!!!What iz going ON! There is one thing that still fascinates many traders to this day and that's the GOLD CHART! Its up, its down and its all around ripping peoples faces off. It has to be the oldest market on planet earth and that is why some old school strategies will typically work wonders, like a classic DCA or a buy and hold strategy. If you are trading stocks look into the Direxion ETF JNUG or DUST. if your just holding on to a nice wrist watch it makes no difference this ultimately effects us all. Its very difficult to predict the long term targets of gold. A lot of people see it going to 900$ again. I am not one of them. Even in a bear market to me that signals higher gold and oil prices. Oil is called the black gold for a reason and sometimes the macro moves are very similar. Post the pandemic we saw a rally in gold and oil and too be blunt both have dropped a fair bit in recent months. Many theories of the abundance or scarcity of gold are floating. Can it be made in a lab like a diamond ect. ect. I am not informed enough on new gold mines being found just my intuition says, "with all the needs for gold in tech, electrical components, and every thing else. Over time the demand will go up." 1300 is the lowest. So Id start a classic DCA strategy right about now on these lows. Noble Metals such as palladium and silver tend to follow the same path. I digress, Live Trading House is the go to place for gold signals and I will be sharing many scalping opportunities for the community. This being one of them.
