PLUS1
Gold
Why Inflation Is A Good Thing
May 27 2022 @ 13:53
Inflation would be the greatest thing to happen to me. I selfishly want the government to spend as much money as possible. “You can’t print money forever!” everyone is shouting.Yes you can. And they will. They’ve been printing money for decades, and only now it’s making the headlines. The reason I am selfishly supportive of […]
CAR (Central African Republic) Makes Bitcoin Its National Currency
May 07 2022 @ 08:48
Bitcoin has been authorized as the official currency in the Central African Republic. CAR ranks as one of the most impoverished nations in the globe, while the nation is blessed with natural resources such as Uranium, Diamond, and yellow metal (Gold). CAR has been ravaged by clashes between Muslim rebels and militia formed for defensive […]
Gold Consolidates Above $1,907 as It Regains Bullish Momentum
Apr 06 2022 @ 11:17
Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bearish Gold (XAUUSD) has been consolidating above $1,907 as it regains bullish momentum. XAUUSD is trading above the 50-day line moving average but below the 21-day line moving average. The market will trend when the moving average lines are breached. For […]
Gold Fluctuates Below $1,950 Resistance as It Targets the $2,020 High
Mar 10 2022 @ 09:24
Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bullish Gold (XAUUSD) is in an uptrend as it targets the $2,020 high. The bulls have also broken above the resistance at $1,870. The market has reached a high of $1,950. Presently, Gold is fluctuating below the recent high. On […]
Gold Fluctuates Below $1,830 Overhead Resistance, May Slump to $1,800 Low
Jan 17 2022 @ 02:51
Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bullish Gold (XAUUSD) is in a sideways move but may slump to $1,800 low. Gold is retracing as it faces rejection at the high of $1,830. However, if price breaks the resistance level, the market will rise and retest the previous […]
Gold (XAGUSD) Is Stuck in a Range, Faces Rejection at $1,800
Dec 30 2021 @ 08:50
Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: Bullish Gold’s (XAUUSD) price is above the moving averages but faces rejection at $1,800. The market ought to rise as prices are above the moving averages. The bulls are yet to keep the price above the moving averages. Since […]
Is Gold the Best Inflation Hedge?
Dec 13 2021 @ 03:21
Although trading involves high risk, it is a popular activity among people from all walks of life. For the uninitiated, trading is the process of buying and selling goods. The stock market is a safe environment where trading happens. Various factors can affect the stock market, including politics, changes in economic policy, inflation, and others. […]
Gold (XAUUSD) Is in a Downtrend as Sellers Threaten to Short
Dec 09 2021 @ 06:45
Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: Bearish Gold (XAUUSD) is in a downward move. On November 16, XAUUSD rallied to $1,877 high. Buyers could not sustain the bullish momentum as the market reached the overbought region. Gold was rejected from the recent high as the […]
Commodities have taken top spot as Natural Gas and Gold dominate retail investment interest this week
Nov 18 2021 @ 04:49
Commodity markets proved popular with retail traders this week so far on the European trading and investing platform, Capital.com. According to data provided by Capital.com, the number of traders trading derivatives on Natural Gas markets has increased by 35% so far this quarter. Investors have also placed larger trades in the popular commodity with the […]
Gold (XAUUSD) Shows Stability in Price, Resumes Uptrend
Nov 11 2021 @ 10:08
Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Ranging Gold (XAUUSD) has continued to be in a range-bound move. Since May, the Gold price has been fluctuating between levels $1,725 and $1,820.The market is yet to trend. The sideways move has made the Gold price to be relatively stable. […]
