There is definitely something special about gold. Throughout the history of time it has been highly valued and particularly so during the times of uncertainty. When things get tough, the first thing people think about is to invest in something tangible like property or better yet, gold.
During the history of our civilization, gold has been one of the primary means of buying high-value goods, it was used to set the value of currencies, and, overall, it’s been used as a status symbol to show off wealth and high standing in society. During modern times the value of gold hasn’t diminished in the least, even though gold coins are used a lot less frequently. Gold is seen as a safe harbor that will protect you from the storms of geopolitical unrest.
If you would like to protect your assets and convert them into gold, there is no reason to buy real gold bars or coins. All you need is a reliable trading platform like FBS and an XAU/USD live chart, and you’ll be able to convert all of your assets into gold within minutes.
Why is Gold Considered a Safe Asset?
Few things in the world are more reliable than gold. And even though its price can fluctuate over time, it is a lot more stable than pretty much any other asset, which is why countless individuals use gold as a safe haven. Here are the main reasons why that is:
- Gold is a physical commodity. It’s impossible to produce it out of thin air like cryptos or print more of it.
- There is a finite supply of gold that is not affected by monetary policies.
- Gold is valued universally, rather than being valuable in a particular country.
As you can see, gold is valued for its ability to provide stability during the times of uncertainty. Gold provides investors with security and liquidity and benefits from low interest rates.
How Can You Buy Gold?
Nowadays, it is not really hard to get your hands on real gold, but it’s a really good investment because when you’re buying gold bars, you might not be able to sell them for the same prices as you bought them even if the exchange rate stays the same. Due to this, people who wish to invest in gold to protect their assets use the Forex market and the XAU/USD pair. This pair represents the price of gold in US dollars. By using the XAU/USD live chart you can monitor in real time the current price of gold and study how this price changed in time throughout the years. Various technical indicators can be applied to this chart to make it easier to predict which way the price will go next, allowing you to find the most opportune moment to buy and sell.
If you wish to start trading gold using the XAU/USD pair, here is what you need to do:
- Identify support and resistance levels, allowing you to determine entry and exit points.
- Explore and study various technical indicators including MACD, RSI, Bollinger bands and many others. These indicators can be used to find out when the asset is overbought or oversold, allowing you to predict whether the trend will experience a reversal or continuation.
- Protect yourself using risk management techniques, such as stop-loss order, position sizing and many others.
It is, of course, necessary to use all of the strategies described above to successfully predict the changes in the XAU/USD live chart. However, after becoming proficient in using them, not only will you ensure that your money is well protected, but will also allow you to make a profit.
An Asset that Stood the Test of Time
During the current times of economic instability, gold is one of the few assets that you can rely on. With the help of XAU/UDS live chart and a reliable trading platform such as FBS, you can guarantee your financial stability. FBS has been operating for many years and established itself as a trustworthy trading partner for countless traders all over the world.