New gold trading opportunities predicted by experts
Gold prices gave us a roller coaster ride in 2021, offering investors numerous opportunities to earn profits. These prices had a short-lived high of about $1960 per ounce and touched the low at $1670. The current value is $1775.92 an ounce. Considering the inflationary pressures, the gold value is likely to boost in a couple of months. Investors are taking their positions by the end of this year and are expecting excellent trading opportunities in the first quarter of 2022.
If you want to take advantage of the upcoming rise in the gold market, then you should buy gold before the year ends. Another way to avail benefits is by investing in the top gold miners. These miners extract gold from natural resources and elevate the prices by increasing the market capital.
There are many methods to trade gold, and CFD trading is one opportunity to capitalize from a price change in this commodity. CFDs or contracts for differences are derivative financial instruments, providing incredible exposure to the gold market. So rather than purchasing physical gold and stocks, you can purchase and sell units of a financial instrument according to the price trend. To trade gold via CFDs, you should register with a reliable online gold trading broker and hold the investment for the upcoming long trends.
Where the market is heading this month?
Gold has always been a safe investment option, especially during market turmoil. Many investors purchase stocks of the top gold mining companies such as Newcrest Mining Ltd, Newmont Corp., and France-Nevada Corp. Since COVID-19, the gold market has been dramatically underperforming. But as things are getting normal and the U.S. economy is back on track, many investors are looking forward to investing in gold for the upcoming long market trends.
For instance, Micro sectors Gold Miners (GDXD) is among the top gainers as of December 2, 2021, with a strong buying indication on a trading view. Also, if you consider the market chart, you can see that the market is showing an uptrend starting from 15 November. These high-performing gold markets are indicating a huge profit opportunity in the upcoming months.
Fastest growing gold stocks
GDXD is an example that is showing excellent potential for the future. Many other stocks in the gold market might go bullish. You can check the top gold stocks released by technical analysts. They mentioned some growth models in the market according to quarterly YOY percentage revenue growth. Here are some gold miners with high growth potential in upcoming years:
- Barrick Gold Corp.
- BHP Group Ltd.
- Franco-Nevada Corp.
- Gold Fields Ltd.
- Newmont Corp.
What you should do?
Whether the gold market is following a bearish or a bullish trend, investors find excellent opportunities to earn profits. Since the gold market offers high liquidity and investment-worthy opportunities investors, you can determine unique positions and invest in the market to earn substantial profits.
However, you need to understand previous chart trends, economic and political situations to anticipate the right market direction. Considering these trends and evaluating market influencing factors might seem like arduous challenging task. But with technical analysis and market indicators, you can speculate future market trends and identify gaining advantages.
Furthermore, you should also consider keeping an eye on gold market news. For instance, the Demirören News Agency reported on October 23 that the gold market capital will increase by 2024 as Turkey recently discovered a gold reservoir in the northwestern province of Bilecik. On the other hand, research by Studio Graphene suggests that UK businesses’ risk appetite is increasing. News like this inflicts a great impact on the gold market.
Furthermore, you need a reliable online gold trading broker that offers incredible leverage and tools to measure potential risks. As a result, you can mitigate those risks and find opportunities to earn big. Want to invest in the gold market? Here are a few steps to get started with gold trading:
- Understand market influencing factors such as supply and demand, greed, fear, inflation and deflation
- Evaluate the market trend and volume
- Conduct technical analysis and read long-term charts
- Choose an online gold trading broker
If you decide to invest in the gold market, it is essential to analyze the market trends and conduct technical analysis before investing. Understand different indicators such as Bollinger Bands, Moving Average Convergence Divergence, and Relative Strength Index to improve your chances of high getting returns.