Glad you are back. Guess you brought the bulls back.
Gold's >1720. Can we assume the trend has finally changed @least in the short term?
Gold's >1720. Can we assume the trend has finally changed @least in the short term?
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Successful XAU/USD traders 7 replies
DislikedHello Beeb,
i am experimenting with fork's method and if you dont mind want to clarify.
If for example for the same gold 4H chart i make several forks how to pick the best one. Or if comparing attached chart to yours, what would be more appropriate ?
thanksIgnored
Dislikedsome of your guys use forks. But almost all of those charts just showed the results , not the prediction.
Can anyone put a fork chart to give us the prediction?Ignored
DislikedWhy the sudden turn of sentiment in Gold? Returning all the gains...Ignored
DislikedWhat a wonderfull world... I see gold going to 1500-1400 level, because now it costs about 1300 dollars/ounce to mine it.Ignored
DislikedLike any commodity, the least important factor in its price is the production cost. For example, diamonds have an average production cost for a cut and polished diamond of $135/carat, yet the average price per carat is over $2000 despite diamond being one of the most abundant mineral resources on earth with production that far outstrips demand. The three global diamond producers ensure the high price of diamonds by strictly controlling both the supply and the price of diamonds as a consortium.
Comparatively, gold is a far more limited resource...Ignored
Disliked@fxloka:
Is that fibonacci channel indicator? I'm looking for this indicator for MT4 but found nowhere! Could you share, please?Ignored
DislikedRisk-on currencies all look ripe to continue their decent, particularly GBP as no matter what the BoE announces in twenty minutes will be bad for the Pound. In a sane world this would have everyone turning to gold as a safe haven, but for some reason the markets prefer the US$ poised atop a $600 billion fiscal cliff set to give way in two months with a Republican-controlled Congress that would rather let the economy collapse than compromise with the Democrats.
In any case, I've reversed my Dec GC position at $1721 in case we see $1676 again....Ignored