Spot gold has achieved a larger scale during the month of February, which has already achieved during any other month since August 2013, and that was two months ago and a half. It seems that the volatility returned to the market and fluctuations mean that traders have a chance to make a profit.
Most forex brokers offer the possibility of trading with gold or even monthly gold futures, which are the same quality in terms of speculating on gold. This means that regardless of the broker that you use, the option trading gold may be present if you want to do.
It seems that life is returning to the gold market, and to see if the time is appropriate for trading gold.
Modern record for gold
Gold gives a special treat for many people when they are buying. If this applies to you, if you think gold is less enthusiasm. Just think about the price fluctuations and not the metal itself, and try to imagine that buys and sells something unusual, such as aluminum. Unfortunately, a lot of traders are losing their thinking on gold and are trading emotionally.
As the US dollar abandoned the gold standard in 1976, the year the gold freely against the US dollar. Gold has made two types Tsaeidin excellent against the US dollar since then: the first was the late seventies and the second from 2002 to 2011, when it rose from $ 275 an ounce to more than $ 1,900. Many economists believe that the functions of gold as a store of value alternative to paper currencies like the US dollar, which is built entirely of gold and bound to rise during periods of declining currencies, as happens now approx. In that case, the time might be appropriate for trading gold.
I always think that traders can achieve the money markets easily by following patterns and use the points stopped relatively narrow losses. In Forex, the way they have been successful well in the past when trading currency pairs, which contained the US dollar is trading in the direction of the price during periods of 3 months and 6 months when they are not in conflict. Although the gold against the US dollar is often considered another currency pair, but it tends to move quickly and the biggest strength of the Forex currency pairs. We can see by looking at the retrospective test, which was performed using data from 1998 to 2014 in the test, the gold results bought or sold on a weekly bases and stand up to a week depending on whether the price was at the weekly opening was higher or lower than it was before 6 months or three months or even one month. The results appear in the table below:
