I just want to inform to all traders out there that the price of XAUUSD Gold will be touch $2000 and the price of silver will be up to $20 by the end of 2020.
If looking into the history of the gold, long before the price reach $1000, many traders will not expect the price will be going to hit $1583 today.
Year 2000 = Price $277
(10 years later)
Year 2011= Price $1921
Drop year
Oct 2012 - Dec 2015 = Price $1046.46
Demand increase
Year 2016 - Feb 2020 = Price 1583
End year 2020 = 2000?
WHY? If looking into the mining and production to produce gold bar has been drop recently. Comparing to the crisis now that want gold to be a safe heaven asset.
Fiat currencies that you have in your pocket will decrease its value. If you trade forex, just the all of the currency. Are the going up? The answer is NO.
All currencies is dropping.
Tips for you guys for long term:-
1. Currencies- Sell for long term for position trader
2. Gold and silver - Buy for long term position trader
3. Commodities - Buy for long term position trader
What ever supply will be finish and could not cope the demand, go for long trade
What ever supply that losing its value per time, go for sell trade
You will not losing money if you hold your trading as per my tips (just make sure your account balance is high enough to run the price movement and put a low lot)
By Zezu Zaza
If looking into the history of the gold, long before the price reach $1000, many traders will not expect the price will be going to hit $1583 today.
Year 2000 = Price $277
(10 years later)
Year 2011= Price $1921
Drop year
Oct 2012 - Dec 2015 = Price $1046.46
Demand increase
Year 2016 - Feb 2020 = Price 1583
End year 2020 = 2000?
WHY? If looking into the mining and production to produce gold bar has been drop recently. Comparing to the crisis now that want gold to be a safe heaven asset.
Fiat currencies that you have in your pocket will decrease its value. If you trade forex, just the all of the currency. Are the going up? The answer is NO.
All currencies is dropping.
Tips for you guys for long term:-
1. Currencies- Sell for long term for position trader
2. Gold and silver - Buy for long term position trader
3. Commodities - Buy for long term position trader
What ever supply will be finish and could not cope the demand, go for long trade
What ever supply that losing its value per time, go for sell trade
You will not losing money if you hold your trading as per my tips (just make sure your account balance is high enough to run the price movement and put a low lot)
By Zezu Zaza
