Dislikedmate i think Gold still bull ..i want to wait for a good reversal and see of i can invest some cent into it..a breakout is what i am waiting for...
here is my weekly viewIgnored
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Dislikedmate i think Gold still bull ..i want to wait for a good reversal and see of i can invest some cent into it..a breakout is what i am waiting for...
here is my weekly viewIgnored
DislikedAgreed. I made first order on 959.50, second will be 870.00 if we get there, and if we get through that tough MA & Fibo support I'll be looking for even lower supports. Don't think that anything under 740 is possible (even 740 is very optimistic, but it is logic if we rely on technical analysis). There will be a reversal sooner or later, which could be a once in a lifetime investment opportunity, because inflation doesn't dissolve in the air, the liquidity pumped in the markets are going to hit the commodity prices some day, it is inevitable. Gold...Ignored
DislikedWell, i think prices are going to fall all the way to 940 around, where it will find enough support to target 1000 again. I will wait to see if 940 is broken or not. If prices bounces off 940, it is a clear buy. Astrologically, later part of june is a good buy, after june 15 though. Till then, market will just consolidate. I just pray it doesn't break 940. A complete, non-stop fall will only happen on august 14 "The Black Friday". Lets hope so.Ignored
DislikedHell7,
What's the probability in the case - if there will be downward trend on sp500, the gold will be falling too? I'm asking because there's a dependence now - when us stocks are going up - gold is going up. When goin down - gold is also going down. Weird, dont you think?Ignored
DislikedNot exactly.. look here
http://stooq.pl/q/?s=xauusd&d=200908...b=1&r=s%26p500
When stocks drop a year ago - gold went up.
What do you think?Ignored