One question:
In terms of Elliot Waves, where is gold?
In terms of Elliot Waves, where is gold?
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Disliked
Let's start with - The potential disbanding of the EURO as a currency as a whole, China owning the US while still manipulating their currency to a peg.
What else, the disaster the US has created for itself in debt and how although people may like it, a strong dollar is NOT good for the economy right now.
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DislikedBy this standard there already is a currency crisis. I personally think the idea of the years 2013-2020 being years of strong inflation (more than 5% but less than 25%) is in the cards.
I actually don't think the Euro is likely to disband but it is definitely possible that this will happen. If the Euro does disband, I am pretty sure the effect will be for the USD to spike and for commodities (gold included) to crash as we undergo biggest financial disaster of our life times.Ignored
DislikedBy this standard there already is a currency crisis. I personally think the idea of the years 2013-2020 being years of strong inflation (more than 5% but less than 25%) is in the cards.
I actually don't think the Euro is likely to disband but it is definitely possible that this will happen. If the Euro does disband, I am pretty sure the effect will be for the USD to spike and for commodities (gold included) to crash as we undergo biggest financial disaster of our life times.Ignored
DislikedI think that I used the wrong term.
I should name it microlot (1 pip = 0.01$)
This is the math:
Initial balance $ : 2500,00
Goal : 1%
Goal $ : 25,00
Pips Take Profit :100
Pips Stop Loss :400
.......................
As you said, the key is trading with the trend, in this case, with the bias for that particular day.
And wait until price reaches a known S/R level.
That's the problem. They don't know how to do that. That's why i'm trying to learn a different approach. I forgot to mention that they use the...Ignored
DislikedIt depends on how pissed the Germans get with things....Concerning Euro.
And how many other countries F-up.
Yes, further inflation seems imminent at this point.
However, even if there was a spike in the USD price, the rate will likely not change for years making it unattractive as a carry trade.
Also it won't fix the US debt crisis or unemployment.
Now, where do you think all these would be Euros will go?
Remember when the Euro tanked to last years low?Gold rose in tandem with the USD. All the Europeans and the UK and countless others where...Ignored
DislikedMy take is that during last year (I assume you really mean 2010) crisis what happened is that the Euro decoupled from ......Ignored
DislikedLooking at silver
Although looking at a single monthly chart an area of extra interest is the 32.70-90 area, however looking at mon. daily eyes are on 32.54 areas response and also a retest of fri daily and weekly breakout 31.10 -20.
mon daily
32.51
31.10-20
29.90Ignored
DislikedWhen we talk of manipulation, the year 1980 was 32 years ago, the market of today is very very cautious in my opinion.
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And if we think gold is going to have a free fall, we must look at this historical chart first, you see the rise is not sudden, it is spread into years, this shows the confidence in gold.
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DislikedThat rise was due to the Hunt Brothers trying to corner the physical silver market - look it up, interesting read, sure you'll find a link in no time.Ignored