Chart For Profit: Buy Gold, Sell Euro

Aibek Burabayev - INO.com Contributor - Metals


Dear INO.com readers,

This week I prepared for you an analysis of gold versus the euro and why it might be profitable choice.

My last post was also dedicated to the European cross of gold versus the Swedish krona and, for the time being, it managed to gain more than 200 SEK per troy ounce (already or more than 2%). The target is set for a 14% gain, so please be patient.

Today I am going to tell you about a chance to score a nice 18%. The chart above is a monthly candle graph of XAUEUR for the last 5 years. It was me who wrongly forgot about such a liquid metal cross with such an interesting chart pattern being shaped. But fortunately, today we still have a chance to buy gold versus euro. Continue reading "Chart For Profit: Buy Gold, Sell Euro"