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November, 6 - dollar calms down and gives room to other assets

We were so wondering whether after yesterday’s surge the greenback would calm down a little bit. And it seems that time and the fact that there are no important events, reports and speeches today did its trick. The greenback did ride the wave of the trader talk success, but not for long. Now the time has come to focus on something else. On some other asset. And we need to find just the instrument to pay our attention to today.

 

And what can be better with a calm dollar than gold, huh?

 

gold 6.11.2019

 

Yes, the precious metal doesn’t have a lot of opportunities to grow lately. Mostly we see it being down and that takes us away from it. Will it grow today? Well, it already does, which can’t help but bring joy to us as traders. This means that the pressure put on it by USD has been lifted.

 

But is it really possible – top earn good money with gold today? Well, as you probably know, winning in the markets is the combination of several factors and it is never sure. But yes, gold does give us an opportunity to earn with it today. All we have to do is be very careful about it. The dollar can jump at any minute now and in that case gold is going down.

 

Even though the situation is unstable, it doesn’t mean that we should not trade gold today. Just be sure to use trading signals when you do.

 

Lang

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