EURUSD

Quoting qwerty47

Disliked

Yes, sounds possible, but I thought there are a lot value investors in gold from China, the gold and silver are really oversold now (RSI on H1 graph of silver is 14, it was nearly 6).

Ignored

Quoting gatorinla

Disliked

the growth reports never added up. what they have claimed to export, never added up with figures compared to those importing China products.

Ignored

Quoting MaxDoom

Disliked

H1 is just a straight line at present you can't use an oscillator like RSI on that it will kill your account with false readings.

Ignored

Quoting tankokjian

Disliked

the yellow lines seems legit for a small bounce entry... {image}

Ignored

Quoting Tom_D_Trader

Disliked

Qwerty, gold market is quite complex structure. I can recommend trying to read some researches from WGC. I´ve found Investors guide to gold market very good overview. It is not like you could be easily trading techs there, especially in H1 timeframe. Let me just say one fast conspirational, they short Silver via futures they dont have covered. Derivatives market is too strong and is artificially pressing price down. Here is a link to WGC, you need to register, but it is free and worth it. https://www.gold.org/investment/research/...

Ignored

Quoting qwerty47

Disliked

Tom_D_Trader, Max_Doom : I am looking at different timeframes and think that there must be at least a correction. It just can´t fall so strongly down, precious metals are considered as safe haven.

Ignored

Quoting gatorinla

Disliked

whats it doing?

Ignored

Quoting msetai

Disliked

fake down move on eu for lon open?

Ignored

Quoting MaxDoom

Disliked

china is one the big growth users of commodities, if their production slows so does demand for the commodities

Ignored

Quoting tankokjian

Disliked

the yellow lines seems legit for a small bounce entry... {image}

Ignored

Quoting MaxDoom

Disliked

I don't normally cover gold, but just for you..... weekly chart suggests it has only just entered into the turn zone and could reach as low as 130x although I would favour a stop above 1359 H1 is just a straight line at present you can't use an oscillator like RSI on that it will kill your account with false readings. regards {image}

Ignored

Quoting fxtyrant

Disliked

BTW bones... just incase you're interested since i see ur trading gold... Interested to see 1450 in XAUUSD?? well i sure do, like i said.... Gold is a god damn bubble waiting to burst... and when it bursts people will flood back to USD.... Gold is a useless piece of metal where the price of it now is highly manipulated.... just like the Dutch Tulip Crisis.... Gold is only worth as much as the cost of it being produce, which is what?? labour cost+ cost to manufacture gold into gold bar?? im pretty sure thats a cheap process... maybe 400USD.... Gold has been around the world for ages, its a finite resources, but its a resource that DOESNT go exhausted/used up.... we dig up the gold, we turn them into gold coin, 2000 years later, gold is still around, the same gold coin is still where it is.... only reason why price of gold could fluctuate and fly high on speculative nature is that gold industries are very often regulated by Governments, as gold is the norm to store value for government and enterprises, as soon a government find actually substitute that could store value.... say FOOD?? CORN?? Gold will collapse like any bubble usually do.... Besides a poster we had called Allseeingeye made a good analysis, that Gold is not worth holding value anymore, Silver is... Silver has a better return.... XAGUSD at 27ish USD its easy to see XAGUSD reach 54USD rather than XAUUSD's 1543USD turning into 3086USD for a 100% Gain get what i mean?? One day people will realise... oh hey silver is cheap maybe we can start using silver to store value on risk aversion flows....

Ignored

Quoting fxtyrant

Disliked

if you thought Gold price drop was bad.... look at copper.... Copper is more the industrial growth metal.... and drop in china's growth mustt've killed copper today... boy...

Ignored