This is what I'm looking at.
m15
m15
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
DislikedCould I suggest doing some research on Nadler before giving his comments too much/any weight.....He has been a perma-bear for several hundred dollars and IMHO his writings do not even qualify as toilet paper due to the thinness of his arguments....
beebIgnored
Disliked
The best advice I can give is just look at a long term chart and study price action. KNOW THAT GOLD IS IN A DECLINE.Ignored
DislikedSorry I don't follow your train of thought...
FWIW I don't get upset by the thought of gold weakening I get upset at inaccurate information such as that peddled by Nadler. Everyone is wrong sometimes but he is a serial offender.....
I don't think the fundamentals or technicals make $700 gold a possibility but as we know anything can happen. To my mind the chance of it going there is less than 1% therefore it can be safely ignored.
Anything else?
beeb
EDIT for example Nadler talks about declines in interest in ETF's but "neglects"...Ignored
Disliked....generally, not specifically to any particular person on this forum, if that is the nature of the question mark.Ignored
DislikedI was querying the comment that gold is in a decline on a long term chart..........
beeb
Originally Posted by Knight Rider http://www.forexfactory.com/images/buttons/viewpost.gif
The best advice I can give is just look at a long term chart and study price action. KNOW THAT GOLD IS IN A DECLINE.Ignored
DislikedI am comfortable at $1500 - 1600 - 1700 range, but keeping in mind the manipulators, both $2000 and $1200 are possible if we take $1600 as the centre point.Ignored
DislikedI understand now. I meant the "experts" who tell you GOLD is going to $700 should not be listened to....Ignored
Disliked...
I don't think the fundamentals or technicals make $700 gold a possibility but as we know anything can happen. To my mind the chance of it going there is less than 1% therefore it can be safely ignored.
Anything else?
beebIgnored
DislikedI don't think you do.
I concur with beeb that Gold is in no way in a decline on a long term chart.
Long term minute chart maybe.
Granted it is $200+ off alltime highs but up for the year and $100+ higher than this point last year. The popular 200 SMA is only $30 above current price.
But on a long term basis .i.e weekly/monthly, uptrend is firmly in place.
As far as experts go I listen to both sides and discount almost all of them.Ignored
DislikedYes, I now think "gold keep rising higher". I'm now a long term buyer of gold (and silver). Technically, I wouldn't be surprised to see a few breakouts appear in real assets over the next few months.Ignored
Disliked"know that gold is going to $700".
Otherwise, make sure that money management is the most important factor in your trading method. (It is not about hanging on to losers.) Study inefficiencies in the market and act upon them. Understand what kind of speculator or investor you are.
If a market has been going up for a defined (or prolonged) period of time, then chances are it will continue to go up in the medium term. Each correction is just another chance to get into the bull market. If gold (or silver) falls back into a BEAR market, KNOW that...Ignored