With so many things still in traders’ focus we are bound to look for at least something to rest our heads and just trade. Dollar is too unstable due to uncertainty with Trump’s policies, EUR tends to fall down at the sight of new reports from Germany and France, GBP is too tangled with Brexit and Theresa May leaving. So, naturally we are turning to safe havens. And as one of those is gold, we are to look at the possibility to earn off of this precious metal. And lucky for us it gives us such a possibility.
As more and more trading instability comes into the light traders are dropping dollar. And what is left for us? Of course gold which is rising due to the falling greenback. Trade war and Brexit make gold even more desirable as the metal is not influenced by either of those things.
Right now the up movement is pretty string and even though each one of us traders have our own trading strategy it is better to use your trading signals for trading today.