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Spot gold EA from OG gold system 8 replies
Gold Miner - Gold future support and resistance level trade 7 replies
DislikedI’m new to gold trading. My investments in gold are for the long term, at least for eight to ten years. I understand the gold market has a cycle of about 30 years. Wherein, it hits an unprecedented low and thereafter steadily rises to form a new-normal price level.Ignored
Disliked{quote} To be honest, I have no idea what the lowest ever price of gold has been but I really doubt that gold will go to an unprecedented low. I'm not so sure that gold is a great investment. Gold creates nothing. It may be better to look at gold mining companies that pay dividends that can be reinvested in the company. Of course gold miners benefit from any increase in gold prices. Just a suggestion, something for you to consider, not intended to be advice. I feel that the gold market is for speculation, not investment, but maybe that's just me....Ignored
DislikedYes Dadas, probably precious metals and gems are the only true currencies. USD, GBP etc are basically just IOUs with nothing to back them up. It would probably be a good idea to invest long term in Gold as demand is much higher than supply -As long as the investor takes physical delivery of the gold Most investors do not trade in physical gold. If it is true that Comex and LBMA have sold gold that does not exist, then they have basically just issued IOUs. I wonder what will happen if/when they eventually default. I have read that if 5% of gold...Ignored
DislikedYes Dadas, probably precious metals and gems are the only true currencies. USD, GBP etc are basically just IOUs with nothing to back them up. It would probably be a good idea to invest long term in Gold as demand is much higher than supply -As long as the investor takes physical delivery of the gold Most investors do not trade in physical gold. If it is true that Comex and LBMA have sold gold that does not exist, then they have basically just issued IOUs. I wonder what will happen if/when they eventually default. I have read that if 5% of gold...Ignored
DislikedSet this trade as a pending order. Was not looking at the chart for a while Checked to see if trade had triggered and found that it had and already hit TP H1 chart {image}Ignored
Disliked{quote} I can see that you are finally discovering the PTECZ! Follow Candle 1 back in history.Ignored
Disliked{quote} Nothing to do with PTECZ, simply a zone where price has found support. If it happens to coincide with what you call PTECZ, that's all it is, a coincidence. Same as I have marked on my charts for a long time, not something that I have finally discovered.Ignored
Disliked{quote} Can't you take a little joke? Just because you refuse to try to understand my PTECZ system? It really works, not only for me!Ignored
Disliked{quote} I can take a joke, but I didn't see one It is not that I refused to understand about your PTECZ, it's simply the case that I did not understand. I just saw a lot of words, but no real explanation of how you trade.Ignored
Disliked{quote} There is loads of explanation on my thread. Takes time to sift through all that!Ignored