Gold - insane buy when people are panicking
Hello everyone,
Today I share with you all my ideas and looks on Gold. AS we all know, price rallied up to all time high in August 2020, after that, we entered a huge correction phase.
Up to today, price is now pull back and sit on top of 50% Fibonacci level, nice support to enter long. I dont want to put too much indicators into charts but you can just do it yourself.
Moreover, Fed also commented that, they would support gold (metal) in the long term which give me an idea to start longing Gold again.
If you take a look at Silver, which is consider Gold's buddy, Silver is staying strong and maintaining its bullish momentum. For me, the reason gold dropped so much was because it was driven by emotion. However, If banks and institutions buy when people are fear, you should follow them.
There is a quote that I really like "Trade like a big banks"
Leave a comment and click like If you are agreed with my idea
Good luck to everyone,
Lets make some money together
Today I share with you all my ideas and looks on Gold. AS we all know, price rallied up to all time high in August 2020, after that, we entered a huge correction phase.
Up to today, price is now pull back and sit on top of 50% Fibonacci level, nice support to enter long. I dont want to put too much indicators into charts but you can just do it yourself.
Moreover, Fed also commented that, they would support gold (metal) in the long term which give me an idea to start longing Gold again.
If you take a look at Silver, which is consider Gold's buddy, Silver is staying strong and maintaining its bullish momentum. For me, the reason gold dropped so much was because it was driven by emotion. However, If banks and institutions buy when people are fear, you should follow them.
There is a quote that I really like "Trade like a big banks"
Leave a comment and click like If you are agreed with my idea
Good luck to everyone,
Lets make some money together