$SPDR Gold ETF(GLD)$ $XAU/USD(-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$SPDR Gold ETF(GLD)$

$XAU/USD(XAUUSD.FOREX)$ Gold hit its former support level turned resistance. Look at the chart it is all technical, it hit its 200 moving average and bounced and not hitting resistance. In the short term it will be heading downwards but in a mid to longer time frame I remain bullish for gold given US will lower interest rates and loosen monetary policy, Trump is request USD 1.5 trillion dollars for their defense budget it is a 40% increase, where do you think that money will come from? It will come in the expense of devaluation of the dollar. In the short term I expect it hitting his 200 day moving average about 4150 - 4200 range before bouncing up again. the margin is too small for me, therefore I'm holding my position. How about you?

Gold Rebounds — Take Profits or Keep Holding?

Gold prices rebounded strongly, snapping a nine-day losing streak, as reports emerged that the U.S. is seeking a ceasefire to advance diplomatic negotiations. Gold rose as much as 2.2%, climbing back above $4,570 per ounce, extending the previous session’s 1.6% gain. Trump stated that Iran has presented a “gesture of goodwill” for negotiations, related to energy transportation through the Strait of Hormuz. According to Axios, Washington and regional mediators are discussing the possibility of high-level peace talks as early as Thursday, though they are still awaiting Tehran’s response.

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Look at the chart it is all technical, it hit its 200 moving average and bounced and not hitting resistance. In the short term it will be heading downwards but in a mid to longer time frame I remain bullish for gold given US will lower interest rates and loosen monetary policy, Trump is request USD 1.5 trillion dollars for their defense budget it is a 40% increase, where do you think that money will come from? It will come in the expense of devaluation of the dollar. In the short term I expect it hitting his 200 day moving average about 4150 - 4200 range before bouncing up again. the margin is too small for me, therefore I'm holding my position. How about you?</p><img src=\"https://community-static.tradeup.com/news/19e95d015d7ee3158d5d7471ac58fcb5\" tg-width=\"2532\" tg-height=\"1170\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/GLD\">$SPDR Gold ETF(GLD)$&nbsp;</a>&nbsp;\n<p><a href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$&nbsp;</a> Gold hit its former support level turned resistance. Look at the chart it is all technical, it hit its 200 moving average and bounced and not hitting resistance. In the short term it will be heading downwards but in a mid to longer time frame I remain bullish for gold given US will lower interest rates and loosen monetary policy, Trump is request USD 1.5 trillion dollars for their defense budget it is a 40% increase, where do you think that money will come from? It will come in the expense of devaluation of the dollar. In the short term I expect it hitting his 200 day moving average about 4150 - 4200 range before bouncing up again. the margin is too small for me, therefore I'm holding my position. How about you?</p><img src=\"https://community-static.tradeup.com/news/19e95d015d7ee3158d5d7471ac58fcb5\" tg-width=\"2532\" tg-height=\"1170\"></body></html>","text":"$SPDR Gold ETF(GLD)$ $XAU/USD(XAUUSD.FOREX)$ Gold hit its former support level turned resistance. Look at the chart it is all technical, it hit its 200 moving average and bounced and not hitting resistance. In the short term it will be heading downwards but in a mid to longer time frame I remain bullish for gold given US will lower interest rates and loosen monetary policy, Trump is request USD 1.5 trillion dollars for their defense budget it is a 40% increase, where do you think that money will come from? It will come in the expense of devaluation of the dollar. 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