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What’s reason behind gold’s poor performance?
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TanEric

Member Since May 09, 2017  6 posts TanEric May 30 2017 at 10:09
Is Greece issue is the reason behind poor perfoemance of gold?

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) May 30 2017 at 11:46
Don’t think Greece situation is the problem with Gold. Greece is mainly a big issue for the EU and the most influence in gold comes from US and Arab countries. Just a point of view.

Accept the loss as experience
XharpScalper

Member Since Apr 25, 2012  278 posts XharpScalper May 30 2017 at 12:13 (edited May 30 2017 at 12:14 )
The reason behind gold poor performance is manipulation and institutional selling of gold ETF. neutral

IN short JPMORGAN and similar institutes are using order-flow to push it down and make profits.

rbforextrader

Member Since May 26, 2017  11 posts Trade Forex Gold (rbforextrader) May 31 2017 at 06:03
Despite the manipulation of gold the volumes allow a weekly return of 30% on average

The trend is your FRIEND
AmeliaChong

Member Since May 09, 2017  33 posts AmeliaChong May 31 2017 at 09:24
Greece issue may have weighed over Treasury yields and AUD/JPY pair, but it hasn’t had any noticeable impact on the classic safe haven asset - Gold.

You can check it out here: https://uaefinancialmarket.blogspot.com/2017/05/gold-is-flat-lined.html

TanEric

Member Since May 09, 2017  6 posts TanEric May 31 2017 at 09:24
So, should I sell gold or not?

XharpScalper

Member Since Apr 25, 2012  278 posts XharpScalper May 31 2017 at 10:21
TanEric posted:
So, should I sell gold or not?


tricky question , it depends on your strategy.

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) May 31 2017 at 18:09
Strong US economy mostly traded in risky times on the US side, oil prices, time of year demand, more value in stocks for now, waiting for price to fall lower.

"They mistook leverage with genius".
XharpScalper

Member Since Apr 25, 2012  278 posts XharpScalper May 31 2017 at 18:21
2 possibilities imho.

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) May 31 2017 at 18:34
XharpScalper posted:
2 possibilities imho.


1270 needs to hold as a floor support for it to go higher, although now isn't a good time to trade it.

"They mistook leverage with genius".
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EURUSD 1.1927 GBPUSD 1.33718
USDJPY 103.922 USDCAD 1.3008

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