GOLD ATH HIT, whats next?

Now that Gold is scoring a new ATH do you think the bull run will stop soon or late?


sorry wrong pic, my SL is 2800 and my TPs are 2765 and 27374, i think for now it is going down

Any particular reason for thinking this, @PrestonRiver ? Some feature on the chart you posted, perhaps? :expressionless:

1 Like

Gold is very strong and I don’t see that changing anytime soon (and silver). Buy the dips (if there are any):

4 Likes

It’s not my subject, but my colleague who trades gold and silver for a living definitely agrees with you. Not “financial advice” to anyone, though - just mentioning that if you’re wrong, he is, too!!!

4 Likes

Absolutely. These are both volatile and can burn you fast.

Let’s just keep this quiet for now though, so that “the markets” don’t dump them both. Once hype is created then it’s time to sell!

4 Likes

Do you follow bitcoin? Do they have a strong correlation?

Not really.

Unless inflation unexpectedly goes up in the US or a recession comes out of nowhere, I can’t see gold going down much in the near term. I don’t really understand why it’s quite so bullish when there’s so many great yields in bonds and stocks.

thanks for the idea and sorry for your loss :frowning:

Totally right, it is hitting ath after ath!

1 Like

thank you for your wisdom and responsibility. a lot of people just say what they wanna say and promote what they have been paid. and interestingly the moderators here are sleeping i guess, but you being careful with the outcome of your comment, i truly appreciate it i wish at least moderators here could be like u!

1 Like

I think the reason is that the possibility of a war is increasing, a war with the US in it

2 Likes

Just hit another ATH just now, this is possibly due to the threat of a trade war, gold is a safe haven.

2 Likes


OMFG! you are right and not just the price, the slope is increasing a lot too!