This is to inform you that I closed my spot position at 1808$.
The reason behind this is (as always) the technicals, not showing the strength I would like to see. There is a big possibility that I will be able to buy the same positions at even lower prices as we are heading towards the end of July and the beginning of August.
Even though I lost 1.77% in USD prices, at the same time I won 2.5% from the DXY, because the USD had a small rally these days.
Thanks for following.
Trade on Gold (XAUUSD)
- cortomaltese
- Pro
- Karma: 33
Post
Re: Trade on Gold (XAUUSD)
keep it coming mate!
Btw since you mentioned usd rally , this strength USD is showing against EUR do you see it continuing?
I would appreciate your thoughts regarding this! Where is USD/EUR pair going?
Thanks
Btw since you mentioned usd rally , this strength USD is showing against EUR do you see it continuing?
I would appreciate your thoughts regarding this! Where is USD/EUR pair going?
Thanks
- arbusers
- Administrator
- Contact:
- Karma: 622
Post
But in the long run, I dont see any other way for the USD than devaluation and only devaluation.
Re: Trade on Gold (XAUUSD)
In the short term, the USD might continue going up. Very generally I would say this short term is positioned until the end of July/beginning of August, with a price target of .934-.935 for the DXY.cortomaltese wrote: I would appreciate your thoughts regarding this! Where is USD/EUR pair going?
But in the long run, I dont see any other way for the USD than devaluation and only devaluation.
- CharlieSheen99
- Pro
- Karma: 27
Post
FED printed a lot of dollars, but BCE printed a lot of euros as well.
Another Question, knowing the devaluation of USD, It isn't better to buy a pair like GBPXAG, in the case of silver?
Thanks.
Re: Trade on Gold (XAUUSD)
But, what about the rest of coins?arbusers wrote:In the short term, the USD might continue going up. Very generally I would say this short term is positioned until the end of July/beginning of August, with a price target of .934-.935 for the DXY.cortomaltese wrote: I would appreciate your thoughts regarding this! Where is USD/EUR pair going?
But in the long run, I dont see any other way for the USD than devaluation and only devaluation.
FED printed a lot of dollars, but BCE printed a lot of euros as well.
Another Question, knowing the devaluation of USD, It isn't better to buy a pair like GBPXAG, in the case of silver?
Thanks.
Last edited by CharlieSheen99 on Thu Jul 08, 2021 2:45 pm, edited 1 time in total.
- arbusers
- Administrator
- Contact:
- Karma: 622
Post
Re: Trade on Gold (XAUUSD)
Everyone is printing these days, and we will never know their schedule.
Provided that printing will keep on going like this, many (not all) commodities will be safe heavens.
Provided that printing will keep on going like this, many (not all) commodities will be safe heavens.
- Mystic
- Has experience
- Karma: 2
Post
Re: Trade on Gold (XAUUSD)
I think crypto is future but gold is, in my opinion, one of the safest assets to trade and it's following technical analysis like a charm, and I think we should talk more about gold.
When You know how it works then You should know how to break it.