hello guys,
about GOLD,
remember FOMC is coming and home sales also,
the false break out like we say on monday in gold might happen,
but FOMC tome will be Hawkish,
FED mostly care about PCE, i am tired of telling people that for them PCs Core PCE is till at 2.7%
far above 2% target,
so that might cause GOLD to drop,
goled only made the up move because of IRAN and that was accident,
so that is old news,
i am expecting gold to hit 2390 from 2430-2440
so i will be looking to sell at high,
i might be going against the Trend but, in my experience trends can change if fundamental changed,
past 15 years i have seen a lot and trust me Manipulation happens in ever bloody single market,
so this month maybe maybe Big boys Dump a little gold to buy at lower price,
like it happen from few weeks ago 2420- 2330 remember?
.
anyways, Rememebr you are buying GOLD ETF,
we trade on Spot, and Forex, well here is some hard truth about buying GOLD in forex for medium term,
.
india China Turkey South Africa are buying GOLD like Crazy,
but when it comes to forex trading GOLD is non Yielding metal,
so if you count 1 std cost around 95-105$ negative interest daily depends on broker some small broker charge a hell lot also,
anwyays
lets count
1 STD is 100$ in 1$ gold move
so even after 2-3 weeks gold is up 50$
you have to pay or already paid 20$ IN NEGATIVE INTEREST
so mostly buying is Short term trading,
remember we are leverage traders,
we do not buy GOLD physically, so there will be no negative interest.
just my Thoughts on GOLD.
"those who don't learn from history Become History Them Selves"
about GOLD,
remember FOMC is coming and home sales also,
the false break out like we say on monday in gold might happen,
but FOMC tome will be Hawkish,
FED mostly care about PCE, i am tired of telling people that for them PCs Core PCE is till at 2.7%
far above 2% target,
so that might cause GOLD to drop,
goled only made the up move because of IRAN and that was accident,
so that is old news,
i am expecting gold to hit 2390 from 2430-2440
so i will be looking to sell at high,
i might be going against the Trend but, in my experience trends can change if fundamental changed,
past 15 years i have seen a lot and trust me Manipulation happens in ever bloody single market,
so this month maybe maybe Big boys Dump a little gold to buy at lower price,
like it happen from few weeks ago 2420- 2330 remember?
.
anyways, Rememebr you are buying GOLD ETF,
we trade on Spot, and Forex, well here is some hard truth about buying GOLD in forex for medium term,
.
india China Turkey South Africa are buying GOLD like Crazy,
but when it comes to forex trading GOLD is non Yielding metal,
so if you count 1 std cost around 95-105$ negative interest daily depends on broker some small broker charge a hell lot also,
anwyays
lets count
1 STD is 100$ in 1$ gold move
so even after 2-3 weeks gold is up 50$
you have to pay or already paid 20$ IN NEGATIVE INTEREST
so mostly buying is Short term trading,
remember we are leverage traders,
we do not buy GOLD physically, so there will be no negative interest.
just my Thoughts on GOLD.
"those who don't learn from history Become History Them Selves"
Don't compare your Trades with Others
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