KingReni

KingReni

Gold is a precious metal. It has emotional, cultural and financial value and different people across the globe buy gold for different reasons, often influenced by a range of national socio-cultural factors, local market conditions and wider macro-economic drivers.

KingReni

Gold creates a new support at 1746, the new target for the market maker Bu Limit set at 1746 with First Tp at 1775. I expect a pull back , then a buy to 1795. A new decision wil be made once price reaches that high

KingReni

These qualities are especially important for investors: Returns: Gold has outperformed stocks and bonds over certain stretches, though it doesn’t always beat them. Liquidity: If you’re buying certain kinds of gold-based assets, you can readily convert them to cash. Low correlations: Gold often performs differently from stocks and bonds, meaning when they go up,...

KingReni

Why investors like gold “Gold has a proven track record for returns, liquidity, and low correlations, making it a highly effective diversifier,” says Juan Carlos Artigas, director of investment research at the World Gold Council. These qualities are especially important for investors: Returns: Gold has outperformed stocks and bonds over certain stretches,...

KingReni

Give a thumbs up or dislike Bearish Scenario A sustained move under $1774.30 will indicate the selling pressure is getting stronger. This could trigger a move into the next main bottom at $1754.50. Taking out this level will reaffirm the downtrend and could trigger a further break into the major Fibonacci level at $1716.00. Bullish Scenario A sustained move...