My personal opinion,.. overall trend may be up, but near term, I am expecting to see it fall to 1578 level.
If prices cannot hold that strong support level, we may be looking below 1500.
My bias is down.. any push for it to go up, may eventually be evaporated.
I hv lost a few thousands trying to trade gold/silver, but decided to be more discipline when I am down to a couple of hundreds in my trading account. Every since I start writing my trading journey, my accounts is slowly growing... when I bring it up to my initial capital level, I will trade at a higher sum. Right now,..with my conservative view,.. I am placing my money on it moving downwards,..despite all the positive reports I am reading about gold .
For those interested and share the journey with me, my blog is http://inlovewithgold.blogspot.com
Cheers,
If prices cannot hold that strong support level, we may be looking below 1500.
My bias is down.. any push for it to go up, may eventually be evaporated.
I hv lost a few thousands trying to trade gold/silver, but decided to be more discipline when I am down to a couple of hundreds in my trading account. Every since I start writing my trading journey, my accounts is slowly growing... when I bring it up to my initial capital level, I will trade at a higher sum. Right now,..with my conservative view,.. I am placing my money on it moving downwards,..despite all the positive reports I am reading about gold .
For those interested and share the journey with me, my blog is http://inlovewithgold.blogspot.com
Cheers,