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What’s reason behind gold’s poor performance?

Trade Forex Gold (rbforextrader)
Jun 25 2017 at 07:45
11 комментариев

The media will always speculate with a good case but as traders we know that the Fed continues to thwart the price at the channel line frustrating buyers and creating a ranging longterm pattern. IMHO we are grinding into a weekly roolover of the price on the ma13. Longer term the selling pressure will increase and take us down to 1200 again.

Trade Forex Gold (rbforextrader)
Jun 26 2017 at 10:03
11 комментариев
The massive spike down in the price we saw tonight proves that the Fed won't let it break the ber channel. Only a crash in the Dow or real negative interest rates will permit the price to break the line. I predict back to 1200 and maybe even below.

mlawson71
Jun 26 2017 at 12:51
1487 комментариев
What was the reason for that spike anyway? Did I miss some news? I was looking at the calendar and I saw no big events that would have such an effect.

Trade Forex Gold (rbforextrader)
Jun 26 2017 at 14:25
11 комментариев

Pure manipulation. We were expecting and had sell trades waiting. It paid well. Big move. The Fed pulled the price away from the bear channel as they knew the durable goods figures were bad.

FXPIP ONE
apple1st
Jul 18 2017 at 06:40
126 комментариев
mlawson71 posted:
What was the reason for that spike anyway? Did I miss some news? I was looking at the calendar and I saw no big events that would have such an effect.

investors go buy Gold when nothing clear in Forex Pairs... it happens sometimes )

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