The price of Gold very attractive...

in Account Booster 👍2 years ago (edited)

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I usually never actually hold trades after realizing a spike in price as this is most likely to be means for a pull back and why give back the money when you had it..

Understanding the fundamentals of a pair is crucial to your knowledge of what your doing with your money research is key .

On Wednesday, equity markets, and gold, rallied as Fed Chair Jerome Powell cooled future 75-basis point hike bets.

Heading into the weekend, XAU/USD is eyeing the highly anticipated US non-farm payrolls report. one could argue that an uptrend is in place since August. Prices are consolidating between falling resistance from March, and rising support from August. Until a breakout is achieved, Gold metal may continue consolidating in-between these key trendlines.
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My trading account is relatively small so taking bigger risk's is out of the question until further notice..

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