Who's faking who?
Too many long wicks on h4 and d1 charts showing that current market is very unstable, which for a big advantage for gold cfd scalper and intraday trader.
In our opinion it is not worth to hold cfd for very long time period unless you are a physical trader.
Many are predicing gold will drop hard to 1300 or even 1100 with all kind of their theories and analysis but in fact so far gold never go down below 1600 yet.
What we must keep in mind that gold is a commodity yet a natural resource. There are many business backing it up. It is simply not just a currency.
Too many long wicks on h4 and d1 charts showing that current market is very unstable, which for a big advantage for gold cfd scalper and intraday trader.
In our opinion it is not worth to hold cfd for very long time period unless you are a physical trader.
Many are predicing gold will drop hard to 1300 or even 1100 with all kind of their theories and analysis but in fact so far gold never go down below 1600 yet.
What we must keep in mind that gold is a commodity yet a natural resource. There are many business backing it up. It is simply not just a currency.
