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gold advise

alexforex007
Aug 01 2016 at 05:23
774 posts
Gold could rally to the 1358 level and the 1310 level could act as support.

Spyridon (convx)
Aug 01 2016 at 05:51
5 posts
Despite the fact that median price to sale ration on S&P is >2 and GAAP on 2012 levels, negative yield environment push investors to stocks. Stock market is not solid any more. Furthermore, most central banks have huge problem with leverage on their balance sheets. There are few places for rebalancing at the moment and one is definitely gold . From trading perspective S/D, regression analysis and futures reports favors longs. If not long yet, 1265 – 1254 area is a good entry point.

"No man ever steps in the same river twice"
mlawson71
Aug 01 2016 at 09:34
1487 posts
So far I am not seeing a signal for a move to the upside and I wouldn't open longs before it breaks above the resistance at 1355.

Ari Goldman (arigoldman)
Aug 06 2016 at 13:00
907 posts
Gold reacted quickly to the downside after the upbeat US data.

Spyridon (convx)
Aug 08 2016 at 05:26
5 posts
It’s interesting to observe the shift on Gold/USD correlation and demand for mining stocks. Gold has room to the downside, short term, but has to be treated like a buying opportunity for $1400 area.

"No man ever steps in the same river twice"
mlawson71
Aug 11 2016 at 10:42
1487 posts
While I have little doubt it will reach $1400 eventually, for now it looks like there will be a lengthly sideways consolidation period.

mlawson71
Aug 13 2016 at 11:01
1487 posts
Does anyone know what caused that whipsaw on Friday?

stian
Aug 13 2016 at 19:01
325 posts
Bad US numbers, followed by a slight recovery, you find similar patterns in other USD currencies and silver.

mlawson71
Aug 14 2016 at 10:19
1487 posts
stian posted:
Bad US numbers, followed by a slight recovery, you find similar patterns in other USD currencies and silver.


Thanks. I need to pay more attention, apparently.

Ari Goldman (arigoldman)
Aug 14 2016 at 12:41
907 posts
Neutral at the moment.

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