Gold sell

Uncertainty is growing: gold is declining!

16 february 2022 40
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segment "Indices"
2nd in the segment "Currencies"
3rd in the segment "US stocks"
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Yesterday, the data of the Economic Policy Uncertainty Index has updated.


Its value is 309.85 so far and more than day before yesterday which equals 145.7.



This means a possibility to make money off increased economic uncertainty.


On 16 February, a deal can be opened for a sell of gold and/or the S&P 500 index or/and for a buy of the USDRUB currency pair. And we can wait for a reverse signal, i.e. decline of uncertainty.


As the index value raises the threshold level of 300, we can wait for the rate of return of almost between 0.3% and 0.4% for gold.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segment "Indices"
2nd in the segment "Currencies"
3rd in the segment "US stocks"
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