Over the past few years, we developed the opinion that with USD interest rates reaching their highest levels since the Global Financial Crisis of 2008-2009, gold and other safe-haven assets would appreciate in value against the USD. Consequently, we began constructing buy grids on XAUUSD at value price points (a sophisticated term for purchasing during dips in an uptrend!) and maintained these positions until our take profit targets were achieved.

It was evident that, in many instances, success required a strong conviction in the price direction, managing drawdowns effectively, and enjoying profits when breakouts occurred to the upside. There were occasions when the maximum drawdown limits were breached, but through the trimming of exposure and strict risk management, the strategy was able to endure and eventually prosper when market conditions were favourable.

Regrettably, our trading was abruptly curtailed due to a series of internal technical issues at FlowBank, which had already affected our profits for several months. Our final withdrawal took place on the 11th of June 2024, and on the 13th of June 2024, FlowBank announced its permanent closure due to bankruptcy! We consider ourselves fortunate to have succeeded in withdrawing our funds in time. A word of caution to all traders: exercise care in selecting the brokers you entrust with your trading activities!
Prosperity