Reasons I’m buying Gold at these levels.
When Gold corrects from an all-time high, it drops 36% on average. Right now we’re about 29% below the ATH.
Statistically, we’re very close to a bottom.
The chart shows a double bottom forming, historical support at $4,000 is holding, and RSI is at its most oversold levels of the year.
A Fed rate hike is already priced in.
I’m not scared — and neither should you be.
When Gold corrects from an all-time high, it drops 36% on average. Right now we’re about 29% below the ATH.
Statistically, we’re very close to a bottom.
The chart shows a double bottom forming, historical support at $4,000 is holding, and RSI is at its most oversold levels of the year.
A Fed rate hike is already priced in.
I’m not scared — and neither should you be.
