Gold (XAUUSD) - Worldwide Austerity = $3,000 per/oz
Happy new year traders!
This is a perfect time to do a review on XAUUSD as it's the 1st month where you see the beginnings of the 6-Month candle form, which can be very powerful for gauging a bias.
It's sad to say but the more pain that is felt around the world, the more the rich accumulate assets. Gold is regarded as a save haven in times of turbulence and as we can see here, for the past 6 consecutive 6-month period, we have managed to close significantly higher and it does not look like the gravy train is about to end.
Psychological numbers work well in uncharted territories and with $2,790 being ATH, $3,000 seems reasonable right?
Well, the horrible truth is the more suffering that takes place in the world means the rich get richer which ultimately means a higher price for gold in the long term.
This is a perfect time to do a review on XAUUSD as it's the 1st month where you see the beginnings of the 6-Month candle form, which can be very powerful for gauging a bias.
It's sad to say but the more pain that is felt around the world, the more the rich accumulate assets. Gold is regarded as a save haven in times of turbulence and as we can see here, for the past 6 consecutive 6-month period, we have managed to close significantly higher and it does not look like the gravy train is about to end.
Psychological numbers work well in uncharted territories and with $2,790 being ATH, $3,000 seems reasonable right?
Well, the horrible truth is the more suffering that takes place in the world means the rich get richer which ultimately means a higher price for gold in the long term.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.