Gold higher, yen outperforms as risk appetite struggles

Gold higher, yen outperforms as risk appetite struggles

From hantecfx.com

There is very little to be positive about across major financial markets right now. The trade tensions show little sign of easing, whilst geo-political risk is elevated with the international condemnation of Saudi Arabia and President Trump ready to pull the US out of a nuclear arms treaty with Russia. Political risk in Europe is also a key factor with the Italian government standing firm over its populist spend increasing budget, whilst UK Prime Minister continues with (what I see as) the hardest job in politics, trying to deliver Brexit amidst pressure from both the EU and domestic fronts. The weakness and ... (full story)

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#1
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Oct 23, 2018 6:14am Oct 23, 2018 6:14am

HirenGarason
| Membership Revoked | Joined Jun 2018 | 7 Comments

See.........XAU.........made a [email protected] range again today alsoooooo........against long@1224-1222 range on few hours agoooooooo......see call 1st---what next??

R1 $1250
S1 $1220.......IN NEXT FEW HOURS

#2
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Oct 23, 2018 6:20am Oct 23, 2018 6:20am

Trader#BCB6
| Status: Unregistered Trader

I dont think it will ever come back to 1220 range. The panic button from Asia to EU to USA is been pressed. I think it will touch 1240-50 in this week.

#3
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Oct 23, 2018 7:52am Oct 23, 2018 7:52am

Trader#628C
| Status: Unregistered Trader

Gold is not a refuge, it is a commodity group like copper or silver.
The Chinese industry will weaken and the need for gold will be less. And the big buyers of jewelry were the Chinese now it is less.

#4
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Oct 23, 2018 9:45am Oct 23, 2018 9:45am

NewtonsCash
Joined Mar 2014 | Status: Trader | 2586 Comments

Quoting Guest

Disliked

Gold is not a refuge, it is a commodity group like copper or silver. The Chinese industry will weaken and the need for gold will be less. And the big buyers of jewelry were the Chinese now it is less.

Ignored

Well thats a load of old rubbish, Golds a traditional refuge from idiots playing "devalue the currency", politico's saying "my armies bigger than your army" and bankers playing God with unbacked fiat currency, Gold has been heavily suppressed on the futures market ever since 2011, Fort Knox, 33 Liberty St, the Bank of England have not had proper audits since the 1950's , so are probably empty ( a necessity to allow the Fiat Ponzi scheme to continue in the West), however , the Canary in the mine shaft is now falling dead and bars entering Swiss refineries for melting into Kilo's for the east are stamped 1984 and covered in dust.

As Caesar once said "He who controls the Gold controls the World" 5 figure Gold and 4 figure silver by 2021

Story Stats

Posted: Oct 23, 2018 5:41am
Submitted by:
HantecRich

Category: Technical Analysis

Comments: 4 / Views: 1,597