This week for Gold was so bullish and generally profitable for Gold bullish traders and investors. Price surged all the way up to $4,379 recording a new ATH. Gold was the best performing asset of the week with over $1.5 billion net inflow, which indicates a very strong buying demands amid geopolitical tensions, US-China trade risk and a weakening Dollar .
Yes! So this week have been busy taking some trade all in on Gold, shifting a little from the the crypto market, at least trying to catch this trend and happily generated some reasonable amount during the gold price surge.
The first three contract before the last made my day. Currently, gold market has closed for the week, price dropped to about $4188 price level, but closed at $4251 price level.
Okay let's say, nobody actually know what might happen next week, But I think prices are becoming too costly therefore I feel there might be a little shift in market price to lower territory. If that happened, we will see increase in bitcoin prices because money will be moved into Bitcoin market. However, My major target for gold is $5,000 price level.
Although prices dropped before the market closed, but I still see a very strong bullish momentum in the market.
Let's see how the market will play out next week. For now, have fun!
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Note: trading financial market carries a high level of risk. Possibilities are that you can lose most of your initial capital if not all. It is recommended that you consult with your financial advisor before making any investment decisions. Certain Financial product might not be suitable for investments for some individual. So please always do your own research. Thanks!
If you have read to this point? It is now left for me to say Trade wisely and always beware of "GREED!"
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Thanks for reading and have a good day.
