XAUUSD - Gold price falls, when is the time to buy?
World gold price this morning tended to increase with spot gold increasing by 2.2 USD, equivalent to closing last week's session at 1,922.4 USD/ounce.
Survey this golden week by Kitco to see, the optimism of Wall distributors and retail investors is bearish. This will likely make the precious metal tough this week. Some analysts have said that with the downward momentum in the market, it is only a matter of time for gold to test support around $1,900 an ounce.
However, some analysts note that for tactical investors, now is the time to buy in, to build a hedge against a potential decline in the stock market and the threat of a recession. Threat of Declare a growing recession.
For long-term investors, the time when gold price drops will be a buying opportunity. Threat of Recession and stock market are not attracting cash flow, long-term investors should turn to gold.
XAUUSD BUY LIMIT 1920 - 1922 💯💯
✅ TP1: 1928
✅ TP2: 1935
✅ TP3: 1940
🛑 SL: 1915
Survey this golden week by Kitco to see, the optimism of Wall distributors and retail investors is bearish. This will likely make the precious metal tough this week. Some analysts have said that with the downward momentum in the market, it is only a matter of time for gold to test support around $1,900 an ounce.
However, some analysts note that for tactical investors, now is the time to buy in, to build a hedge against a potential decline in the stock market and the threat of a recession. Threat of Declare a growing recession.
For long-term investors, the time when gold price drops will be a buying opportunity. Threat of Recession and stock market are not attracting cash flow, long-term investors should turn to gold.
XAUUSD BUY LIMIT 1920 - 1922 💯💯
✅ TP1: 1928
✅ TP2: 1935
✅ TP3: 1940
🛑 SL: 1915
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