Gold calls.Long term -medium term and intraday calls in gold is here !.
- Thread starter sujithsstorock
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Eyeskating
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I asked that question b4 too. I just don't understand why POG is going up. (Even though I am holding long and happy with that....
)sujithsstorock
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baileout gets approved ,then >> money comes to market. weak bank shares n stuff ... gets strength. people pulls out money from gold n invest thr....result? gold demand decreases..prices fall!!!
not gets approved... >> fear gets into panic..people with draw there money from banks n other assests.... buy gold. demand increased
So...
So wait for YEA and sell gold ASAP?
Anybody got an idea when those fine Congressmen and women are convening to decide the short term future of Liberal Democracy?
It would be nice to know so hopefully I can make some £££'s which very possibly be worth f*ckall when bartering becomes the norm.
So wait for YEA and sell gold ASAP?
Anybody got an idea when those fine Congressmen and women are convening to decide the short term future of Liberal Democracy?
It would be nice to know so hopefully I can make some £££'s which very possibly be worth f*ckall when bartering becomes the norm.
bbillcee
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i dunno i think it gets approved the dollar goes in the toilet then POG rises
bit i don't know much
Bill has to be passed in both houses. second convenes Friday
i dunno i think it gets approved the dollar goes in the toilet then POG rises
bit i don't know much
That's a good point. It's soooo difficult this finance thing. I suppose it's why Wall Street and The City have high paid experts in charge....
sujithsstorock
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i dunno i think it gets approved the dollar goes in the toilet then POG rises
bit i don't know much
yea.. good point. donno how people look at it.." help" or "rescue"es
but last time when they denied..pog went up..so when they aproves.. it should logically do the opposite
bbillcee
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POG retreated because key senate members went live saying the bills would be approved tonight. Its good for the market and negative (very short term) for gold. Being during globex timeframe such news tend to be more problematic for gold due to lower volume. I am looking for a bounce from 872...
stop loss 868
jumped out at 871, not looking good
sujithsstorock
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dont buy . if buying..then stoploss 865 $ . sell on rise is better
870 and 865 key levels also brokern.. free fall very soon:-0
we have neg divergence on daily, and stochastics heading down, and a likely close closer to low than high of day
I have an indiciator called OBV which is at resistance.
Some form of bailout ready --> -ve for gold (as premium in gold right now is fear/panic not inflation protection)
All in all I think gold ready to go down tomorrow
Sujith, what do u think? and if we do finally break 860 (properly, not like yesterday fake out) where do you see potential bottom/supports?
EDIT
also huge neg div on 4H charts stochastoc and RSI
Rodin can u confirm? (im new to divergence trading)
I have an indiciator called OBV which is at resistance.
Some form of bailout ready --> -ve for gold (as premium in gold right now is fear/panic not inflation protection)
All in all I think gold ready to go down tomorrow
Sujith, what do u think? and if we do finally break 860 (properly, not like yesterday fake out) where do you see potential bottom/supports?
EDIT
also huge neg div on 4H charts stochastoc and RSI
Rodin can u confirm? (im new to divergence trading)
