It seems to me most online gold analysis sites are biased, they are all super bullish at this time, in an efort to get you to buy their bullion. I believe the market will pull back next week, to as low as $1160, before setting new direction again.
VERGIS78 posted: It seems to me most online gold analysis sites are biased, they are all super bullish at this time, in an efort to get you to buy their bullion. I believe the market will pull back next week, to as low as $1160, before setting new direction again.
That's really weird, because there's no way Gold is bullish right now. Even if retraces back to 1242 it will continue dropping afterwards.
forumnoob posted: i like to have advise from experienced traders, will gold rise or drop and where should i open trade and put s/l and t/p
for upcomming 3 to 5 days.
and wish the community the best in trading .
I guess as a trader you shouldn't care which way Gold goes as long as it moves :) I've started a project for XAUUSD recently: https://investocanada.wordpress.com please follow me to see how make money on gold in any circumstances.
VERGIS78 posted: I expect gold to finally go lower, over the current year, but some indicators are strong suggesting a possible spike through $1300 in the coming week / 10 days. Right now I have no clue on direction
There is a signal that it will fall, but beyond that I am not sure either.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.