Gold at a Turning Point: Buy, Sell, or Hold Now?

Are you wondering if gold will reach new highs, or if it’s time to sell, short, or add to your stash? Before making any moves, let’s talk about the most important factors to consider:

1. Define Your Goals: Are you in for the quick trade, or looking at long-term investment? What’s your time frame, capital, and appetite for risk? Only by clarifying these can you make well-informed, logical choices.
2. Money Follows Process, Not the Other Way Around: Profit isn’t the goal—it’s a by-product of a solid trading and investing strategy. So, instead of chasing gains, focus on building a disciplined process.
3. Timing the Market is Key: For the weeks leading up to and after the US election, limit your leverage to 5X or less, unless you’re a pro at scalping and day trading. Volatility can bring massive swings, so caution is crucial.

PS: I’ve held onto my silver and gold investments since 1979—yes, patience and foresight pay off!

Don’t get swept up in the hype; focus on your strategy, stay nimble, and always think two steps ahead.

Are you ready to discover your trading style, risk tolerance and investment horizon? Contact us for a trade-to-learn experience!