GOLD technical analys

jonons · January 10, 2016, 5:51pm

I suppose that the price will turn after reaching the 1079.00 level.

anon46398846 · January 10, 2016, 7:55pm

Gold is a sure short till around 400-600, so you got another 600 dollars shorting ahead.

rather look for good opportunities to go short on gold, it will pay off.

TURBONero from another thread:

Gold in general is a lasting short. 'Historically seen what is happenning at the mooment happened in the 70ies aswel the same. It went up into sky direction full of unrealistic expectations. Whoever invested in gold in the 70 at its peak got out at 0 only 30 years later. The exact same thing happened the last few years when gold went up to 1900+ it reached a historical high which was mostly driven by media and speculants. The speculant are gone, the media is quiet and gold is falling slowly but steady. In my personal opinion gold will fall over the next few years to 700/600, maybe even 400/500 before it can be considered to go up again.

At the moment gold is only for shorts and only for people who like to hold onto trades for longer time. And even if you want to go in gold, id look only for good shorting, no long position at all.

Dutchtrader1 · January 11, 2016, 1:52am

In trading ther is nothing 'sure’
Trading is a business of probbabilities.

anon46398846 · January 12, 2016, 9:32pm

please reevaluate your definition in sure things. there is one thing that is sure in trading and thats that “history repeats itself” constantly and constanstly in a never ending circle.

sometimes a intraday chart doesnt help you, check a yearly-inflation-adjusted chart like this one and you tell me where gold is going.

commodity/stock traing is completely different from forex, there the “physics” are a bit less complicated. when something is falling enjoy the fall and dont search for a wonder that will push it up again.

if you want to earn money on gold, go to a bank get a 200.000 account and buy a short-certificate with a leverage of only 4/5:1 with all 200k, go live your life, forget about it and 5 years later check your bank account. youll be a millionaire i promise you.

and trading is a business of supply vs. demand and greed vs. fear. indicators/oscilators r a business of probabilities.