The decline in gold prices can be attributed to the sustained strength of the US dollar. As the dollar strengthens, it exerts downward pressure on commodity prices, including gold, making it less attractive to investors seeking alternative assets. This inverse relationship highlights the interconnectedness of currency and precious metal markets, with a stronger...
Despite that the dollar has been rising and rising , for gold we will just need to worry about treasury bonds for most of the time and the dollar directly affecting currency pairs like GBP/USD that seems to be pinned right at a bottom because of dollar strength or the Euro . 1700 is always a very attractive price for gold as golds mean price is 1800 . This is a...
I believe we are currently in a range , But I would be weary investing from the end of February Onward as i fear a crash may be upon us- that will have a positive impact on Crpto assets. I'd like to give warning to my fellow retail traders to double check if your broker is well regulated as March onwards things may turn ugly in the credit market .
Although price action may respect the overall range , I am expecting a prices to go down as we get into the year. I have been watching this trade for a couple of weeks now and i believe any big impulses going up is worth selling ... Obviously scale your positions to the reality of your account . Don't put orders based on the short term but long term ... Don't...
Brace your selves for gold prices to go short again as there is no value in the precious metal at prices above 1821. Unless something big happens in the equities markets.
Just couple Prices I will be looking to enter from ... Won't expect any break outs from this range unless we in the US Session ... FOR LONDON N ASIA this should help take out some of the emotion and a guide YOU if you end up taking positions and end up on the wrong side of a trade you've executed for LONDON N ASIA!!!!!!!!!!!!!!!!!! LOOKING FORWARD FOR 60 THO