You can buy a gold ETF. This avoids the problem of leverage if you buy real money. Another option would be to dip your toe here with stops below $ 1,636 and seek the break.
Please note that whenever you see these coils forming, the price prepares for a strong break:
So, for those who have long gold or who want to go long, the case of gold bulls still remains in place. Here is a brief overview of some key points for the bullish case of gold:
2. Over the past three recessions, gold has increased in value, so that a cover for a recession has a strong appeal for gold.
3. In addition, with the large-scale quantitative easing (QE) programs undertaken by central banks around the world and some analysts concerned about high market valuations, gold offers a hedge against this devaluing risk. QE devalues a currency, so money literally loses value. This is why many analysts recommend having part of your portfolio gold. History may not repeat itself, but the fundamental outlook for gold is currently very solid.
Expect gold buyers starting at $ 1,740 and under.