History shows us we reduce our risk tolerance and buy gold as the store of value. It’s a win win scenario as the value is preserved and as more people enter the market the price rises.
In only two months the price has returned to 2015 levels. The fan levels show it could drop to 16,000.
Where’s the transparency? As a shareholder you’ll never have it.
The oil price falls compliments of OPEC plus. The Dow goes into freefall on the Fib fan. Coronavirus spreads and will continue to throughout 2020. Prepare for QE Again leading to increasing Gold prices. Diarise the Fed dates for minutes and interest rate decisions as these will be key targets for traders.
Another should watch.
What a wild crash on the hour. Designed purely to take out stops and provide new liquidity for buyers. Trade this event and all high volatility news with extreme caution this year.