With the recent rise and then fall in gold prices, I have decided on three purchase levels:
- 5000
- 4700
- 4500
Clearly, the first (5000) is the most likely to be reached; the other two require greater sales, less liquidity, and interest in the market.
However, it is wise to observe rather than buy blindly, because although I place orders, once they are executed I cannot be sure that the price will remain at those levels; in fact, if it falls, it becomes more expensive to keep the position open.
Whatever level it reaches, it could still change direction. However, it would make sense to assume that the price could fall to 4000 at the lowest.
Once I have placed my orders, the proceeds allow me to open another account where I trade forex, indices, and metals—initially.
In addition to investing part of it in crypto.
At the same time, I am also working on setting up automated trading, so that when I cannot invest in crypto or traditional markets, I can at least make some profit.
Clearly, it is also a good idea to have another part of my funds invested in order to maintain a certain accumulation as well as diversify and reduce inflation (which can obviously vary over time).
