Seems that every day being a trader becomes harder and harder. After all, the very changing situation in the markets is only getting worse and more volatile. And it is no wonder that with time we would want to get rid of that volatility and that kind of energy in our lives and trade something stable and something not so damning. Something… safer, so to say. Enter precious metals – this group of assets is a beacon of hope for us in the world where nothing stays the same for more than an hour.
Gold. One of the safest assets in almost every situation.
But you can see right now, that it is not as stable as it should be in the situation with the greenback as weak as it is right now. And, rightfully so. Today traders are divided into two groups – there are those who prefer something safer and those whose risk hunger is only growing. And of course, these two create a very weird situation, although I would say that the first group wins for now, as gold is still recovering rather than extending the falls.
Will gold keep on climbing, or will the declines take the best of it? Well, that we can find out with trading signals.