Should you invest in Gold or has Gold lost its Luster- Big Question?

As we know that gold has been side-ways for a long time for almost 1 year, it has not given any return, so should we understand that now the luster of gold has become lighter because in its comparison if I have nifty and other stocks, it has given very good returns in the last 1 year but if I calculate the return of gold then it is still in negative.

Should we invest in gold, this is a very important question that is running in the mind of every investor.

Gold is currently in sideways correction as we know whether any stock or commodity is in sideways correction then we have to wait for its breakout

As Gold just posted its low on Aug 9th, that low is near $1676 which is a very important support area now. As long as gold is above it then it is not showing any problem sign for investors yet. But that doesn't mean we should invest in it now because it is in sidewise correction now we have to wait for breakout to invest.

If we talk about breakout area then that area is $1850 when the price tries to move above this area and sustain it means to break out in gold. Maximum people try to trade in side ways, due to which they lose the most, so we should wait for the breakout

And if you want to do trading in sideways then you should know your stoploss area very well. And you should have good skills with good technical knowledge, if you do not have any skill in you, then you should not trade.

Because you should know that saving money in the stock market is also equal to earning money. And you should not fall in the trap of any Tips or Recommendations, work with your understanding.

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