gold is on a sell at the moment...
i cant see its bullish nature holding too well, unless it crosses over 1915 it seems that it has reached a peak. so one should tread with caution when considering buying, unless you are a short term scalper.
iam hoping it does break well over 1915 though, as i have a long position still open from a few months ago.
but iam ready to take shorts if the overall bias turns bearish. at the moment the bearish nature is not strong enough for me. i promised not to enter shorts unless there is a definate change around.
i cant see its bullish nature holding too well, unless it crosses over 1915 it seems that it has reached a peak. so one should tread with caution when considering buying, unless you are a short term scalper.
iam hoping it does break well over 1915 though, as i have a long position still open from a few months ago.
but iam ready to take shorts if the overall bias turns bearish. at the moment the bearish nature is not strong enough for me. i promised not to enter shorts unless there is a definate change around.