Recently, gold has been trading upwards. The price tested the level of $1,258.00. Anyway, according to the 30M time frame, I found a climatic action…
Free Live GOLD Price Chart. Recent market volatility has resulted in big gains in the price of gold, a natural safe haven for investors during periods of negativity in the wider financial markets.
Investors generally buy gold for two main reasons: to financially gain from increasing gold prices, and/or as a hedge or safe haven against any economic, political, social or currency-based crises.
As with stocks, gold investors may base their investment decision partly on, or solely on, Technical Analysis. Typically, this involves analyzing chart patterns, moving averages, market trends and/or the economic cycle in order to speculate on the future price.
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