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July, 19 - gold is climbing giving us the possibility to earn

Expectation of rate cuts by the Fed which were announced last week are continuing to build up the pressure for us and for the international markets. the tension that we can practically feel at the tips of our fingers is getting to us and sadly there is nothing we can do to ease the situation for us. Well, the only thing that we can consider doing is to turn away from the USD completely and to see other assets that can give us hope in such an unstable time. And I can say that lucky for us there are such assets.

 

gold 19.07.2019

 

For example, look at gold. With USD showing so much weakness and being this unpredictable it is only fair to say that gold is a winner in this situation. Right now the precious metal is at the highest point in 2 weeks and something tells us that it is not going to stop there. Even if support is provided to the greenback in the nearest days we are still going to see gold climb higher and higher as its status as safe haven is protecting it from the rapid falls.

Tensions in the Middle East and unstable world situation are only going to further provide support and soil for gold to grow.

 

Use trading signals to spot the best trading positions for gold.

 

 

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