Trading system for Gold - Longterm, pension plan

Hello

I have plans to save some of my income (10%/month) for my pension. I will put this money in bullionvault (allocated gold).
What im searching for is very conservative gold trading system on daily or weekly chart.
System must be easy to fallow, not some sci-fi 100x indicators.
You can benefit only when buy dips and sell highs, there is no short orders there.

Any idea what trading system to use in this case ?

Since you're buy and hold, buy Gold on dips. Buying on trend retracements will give you better pricing as opposed to buying breakouts. Pull up the weekly price chart and look at past dips. Buy it when it looks like that. Those will be the times when the outcome of gold looks bleak though.

Or buying if its been down for 2 weeks in a row seems like a good one too. lol

The slowdown in China is going to weigh on gold. China is one of the biggest gold-buyers, if it will slow down gold decline.

If you are more optimistic than me if things do turn out positively (Greece reaching Troika's goals, US avoid fiscal cliff, Italy and Spain recover etc.) there will be no need for safe haven (whicg are currently found in German bonds). As a result gold will be heavily sold off and we may see the biggest decline in history as a result.

If the financial system is melting central banks across the globe will be forced to liquidate their gold reserves, an action that will devaluate gold.

I personally believe gold should be shorted, targeting $1,450 in the medium term.

Roberto, money printers will work faster i think ? I looked one old movie (american) i think it was from 60`s , where criminal investigator had 157$ per week, ask some american how much they earn today, i think they are over 2000$/week. In this case i see a big problem, if you look on money supply in the past there was 7% increase per year, in the last few year numbers goes over 200%. I also compare gold price with oil, where you can see that oil price is rising just in $ , compare it with gold (barrel/ounce),flat.

if you want to invest for decades in a certain instrument, one of the better things might be in property with reputable reits when prices are low.
spread the money around in different reits and maybe even in different countries.

they also pay you a dividend every year and over the years that will add up to a huge amount of money.

buy more in dips but have an exit strategy in place when the chart starts to show lower highs and lower lows about 5-6 years later.

keep the money in the bank until 1-2 years later the bottom is in and when the chart starts to show higher highs and higher lows, invest in reits again.

rinse and repeat.................

thought about this in 2010 simple wait for a bearish monthly bar and buy