MotherHustler

XAUUSD TRADE IDEA 3/7/2020

OANDA:XAUUSD   Or / Dollar Américain
The increased media on the coronavirus, as well as the rising deaths at the hands of the virus is causing the value of gold to rise.

Gold is on a very strong uptrend right now and honestly, I don't anticipate it plummeting for a while. Take profits on the buy position are STEEP so ensure that you have the equity to be able to hold the trade long-term to truly capitalize.

President Trump released a $8.3 billion coronavirus package deal that is set to accelerate the create and administration of a coronavirus vaccine. This MAY cause a dip in the rising nature of gold, but will it stand?
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