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November, 29 - traders have no need in safe havens and gold feels that

This week has not been the best for USD. It has been displaying a very slow and very unexciting performance all week long. And that allowed us to focus on other assets and other financial instruments. For example, gold.

 

gold 29.11.2019

 

Today, with Americans resting after a very filling holiday, gold is volatile, even though USD is looking down as well. Precious metal as dropping price with traders needing no safe havens, even though USD is falling as well. It seems that even with all the trade war uncertainty, those participating in the markets are looking for some risk. And they can find it in such couples as EUR/USD and GBP/USD – no need and no room for gold there. This means that safe havens are out of luck for the time being. And the chart for gold is the perfect proof for the statement.

 

Although, today is only the beginning and there is a whole of European segment that hasn’t started to trade in the absence of the Americans. This might really change the situation in the next couple of hours.

 

Surely enough, trading precious metals is going to be easier with our trading signals.

 

 

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