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xauusd direction in the long term

4.00 star(s) 2 Votes

RevBilli

Member
xauusd has been falling for a while now will it come back up to 1890 or or even breakthrough to 2000 or are we going to see it fall further down to 1790
 

bgm

New Member
Longterm it depends on the strength of the USD and very plausible financial crises coming. Levels to watch $1680, $1830, $1906.
 

ronstermonster

New Member
Longterm it depends on the strength of the USD and very plausible financial crises coming. Levels to watch $1680, $1830, $1906.
Great point. I still think we are on the verge of a crisis of some kind, and gold always benefits from this. I trade the volatility, and though I had a close call last week, when gold went nuts for a few hours, my margin was actually in the negatives, but I came out profitable with me current EA nonetheless. I would not be surprised to see gold hit new highs into winter.
 

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