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Trade on Gold (XAUUSD)

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arbusers
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Re: Trade on Gold (XAUUSD)

Wed Jul 07, 2021 10:45 am

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.
cortomaltese
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Re: Trade on Gold (XAUUSD)

Thu Jul 08, 2021 1:49 pm

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
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arbusers
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Re: Trade on Gold (XAUUSD)

Thu Jul 08, 2021 2:07 pm

cortomaltese wrote: I would appreciate your thoughts regarding this! Where is USD/EUR pair going?
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.
But in the long run, I dont see any other way for the USD than devaluation and only devaluation.
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CharlieSheen99
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Re: Trade on Gold (XAUUSD)

Thu Jul 08, 2021 2:43 pm

arbusers wrote:
cortomaltese wrote: I would appreciate your thoughts regarding this! Where is USD/EUR pair going?
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.
But in the long run, I dont see any other way for the USD than devaluation and only devaluation.
But, what about the rest of coins?
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.
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arbusers
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Re: Trade on Gold (XAUUSD)

Thu Jul 08, 2021 3:16 pm

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.
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Mystic
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Re: Trade on Gold (XAUUSD)

Mon Apr 24, 2023 2:23 pm

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. 8)

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