XAUUSD
Expecting a bearish week.
Based on what?
Based on USD nearing a16 month high - which could materialise if FED economic policy raises interest rates. This is speculative and against the daily trend.
If traders are contrarians, it could be better setting a sell stop pending order below 1850…
“Could”, “If”, “Speculative”…doesn’t sound like we’re going to get rich anytime soon, lol.
I’d still like to hear @KeptoKurtic’s thoughts.
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You mean we’re not getting rich…mannnnn, I’m taking my ball and going home.
Also, isn’t the title a little mis-leading since this isn’t a currency pair.
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For centuries, gold has been used as a currency. And if you haven’t read this book, it
could bring about a life-changing experience - plus it’s not expensive:
The Richest Man in Babylon is a 1926 book by George S. Clason that dispenses financial advice through a collection of parables set 4,000 years ago in ancient Babylon. The book remains in print almost a century after the parables were originally published, and is regarded as a classic of personal financial advice.
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Hi @steve369,
Mike Maloney disagrees. He says gold is money whereas all currencies eventually fall to zero - without exception, over the last 5,000 years EVERY currency has fallen to zero. The current ones that have not have just not been around long enough. Unlike gold.
According to my analysis any bull move is going to be temporary to set the weekly high.
Exactly, Thank you.
Very thorough, thank you for that.
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You are welcome, thank you.