The simple answer to this question is to laugh, it is a good time to buy gold when its value is down, this is thinking of using the metal as a long-term safe haven asset, however, it is necessary to carry out a more in-depth analysis to obtain optimal yields gold ira companies.
The most common option is to operate in upward position trading in the gold CFD, it would be conservative, with less dedication and stress. Although you can also implement scalping in buying and selling, a clear example was last year, since the CFD was stagnant and investing in gold in 2021 was a greater opportunity for scalpers.
? What is the best time to invest in gold?
Taking a long-term view, the best time to invest in gold was quite some time ago, and over the years the same feeling will continue, the longest fall of this asset was from 2011 to 2015 and currently the last maximum was in 2020 and we have had a period of uncertainty mainly due to the coronavirus pandemic.
However, being optimistic and considering that it has been almost 3 years without generating profits, the metal is about to recover and improve its performance and be able to say in a while that the best time to invest in gold was in 2023.
A very relevant indicator to consider is the monthly stochastic, currently it has left the oversold area in November 2022, which generates good feelings with what is to come in 2023.
For scalpers looking for short and fast movements, the best time to invest upwards will be when the dollar is falling and vice versa, you must be attentive to the news that impacts the currency so as not to operate at that time if you do not want too much volatility in your asset.