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Gold Price Analysis 12/08/2020

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Hello again my friends!! Hope everyone is having a great time.๐Ÿ˜ƒ

For this segment, we will talk about the movement of GOLD.

Gold is having its big correction happening right now. I think this is a healthy correction that needs to happen in every trend either upwards or downwards. We can also see in the green circle that it seems to do the same thing in what happened during the correction in March.

For me personally, I am still very bullish in Gold and other commodities. Several bad news are also happening in the world with the explosions and the covid crisis. And it gives more uncertainty to the markets that will push the investors to park their money to more "safer" assets that are thought of in the traditional way.

As always, we should have our own research before deciding to participate in the market. Over all it is still our money and we should be responsible.
Do your own research first and always have a proper risk manangement in mind to prevent you from blowing up your portfolio.

If you want some chart requests or want me to analyze some crypto or asset, just comment below and I will post it next. Thanks!๐Ÿ˜ƒ

Till next time guys and gals, Cheers!! ๐Ÿ˜ƒ

Disclaimer: This is not a financial advice and for educational purpose only.

#investing #trading #gold

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