Dislikedwell; you know that nothing goes in strait line.. so is gold.. we see huge reaction on any QE or easing, but also we see a huge drop on selling GOLD from CB or banks to keep it up with liquidity.. just a commodity.. PPL like Peter Shift and Celente are not traders but academic analysts.. or Salon Investors..
It is good for CONSP. theorists to feed some emotions on them.. but there it stops..
and Gold.. YES.. eventually it is set to go UP and appreciate another 10% or so.. but again NEVER in strait line.. Buble.. naah.. GOLD has no price.....Ignored
But i am still waiting for that day that gold trips below 1550 and maybe that day will never comes. Intraday i did in the past some trades on gold sometime ago and sometimes still do. after last qe i wanted to setup a acount talked with chonghy about it to only do gold on it with kinda high leverage and only look for longs pending orders and walk away. but never did it maybe i will regret myslef it 1 day. The last reall good trade i missed myself because i didnt included spread in my order so didnt triggered was around that 1675. for the rest i dont see any trades right now whe flirting with res 1736 maybe a break above it and retest i would try long again but i am not a really good gold trader find it verry manipulated maybe even worse then crude. I Know you trade gold verry often and good at it. What you see gold right now if you would buy it as a trade what level?
