Looking forward to making some money than join me as I plan to decode the essence of gold and what it is that makes it tick.
The news has a very high impact on the price of gold and how it moves but so does the quantity (scarcity) and demand.
Opening a brokerage account doesn't allow you to hold physical gold but rather trade and invest based on the price value that it possesses.
As the saying goes scared money don't make money. This coming week will be interesting as I believe that Gold may continue following it's trend to reaching the level's of 1870.00 per fine ounce depending on the federal reserve release and American economic status.
Once the American economy reports good standing this means that potentially we may than be heading for a very strong impulse to the downside towards the lower trend line looking for support or break to the prices of 1790.00
In this instance it's best to keep the first biased always as you trade. You get to have options where you can trade long term and hold to these prices or sculpt on smaller time frames...
For example if you dare choose that the value of gold may continue to the upside you would only be looking for buying opportunities thus going with the main trend.
Updates will be made to inform you about my new trusted brokerage firm I am researching.. so follow and like for more on Gold.
