Investor Strategy

Gold Looks To Enter ‘Golden Saucer’

Federal Reserve’s emergency interest rate cut on Tuesday, looks like an acceptance as it was likely to reduce risks in the financial system and, as Fed Chair Jerome Powell claimed, provide a “meaningful boost” to the economy; but this looks evident enough to push gold in ‘Golden Saucer’ before weekly closing this time.

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1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.

2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

Gold Looks To Enter ‘Golden Saucer’

Disclaimer: This analysis is purely based on the technical observations. I do not have any position in Natural Gas. One can create position in Natural Gas at his/her own risk.

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