The US is about to rug pull the entire earth.
Likely scenario at this point due to China/russia/east absolutely crushing the gold trade is that the new fed chair comes in & buy tons of bitcoin as a matter of national security. Bitcoin has been playing around the 80-100k mark for too long; the government has allowed you to buy btc and eth freely for over a decade. If you’re late that’s on you. We’ve run out of time. US buys a massive btc eth reserve and will implement a policy that they’ll only trade with countries that have a btc reserve and this sends gold to $1k and bitcoin to $8mil a pop. Brics has no idea who theyre fucking with. Remember what Trump said about wanting the “US to be the crypto capital of the world” that wasn’t a just an expression, that was a promise.
#XAUUSD
Why do some people still fail to make money even when the market is performing exceptionally well?
1: Because you open positions too frequently. (Gold prices fluctuate by tens of dollars in just a few minutes, so if you're trying to scalp and open positions frequently, you'll only end up losing money.)
2: If there's no opportunity, don't blindly enter the market. Even if you're not actively trading, don't enter blindly.
3: If a temporary loss causes your emotions to dominate your thinking, you should stop immediately.
#XAUUSD
Gold has successfully risen to a high of $5050. We will continue to monitor the upward trend of gold on Monday.#gold
A good entry point for gold is expected in the $5030-$5020 range, with a target of $5070-$5080.
Secondly, a short-term selling opportunity can be considered when gold first touches the $5075-$5085 range, with a target of $5045-$5030.