Should we buy gold today? I don’t think so. I believe, gold price will going down.. at least for today.
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It has been a long time I did not update my forex category with gold related content. Actually I forgot to do so, and the other guest blogger in this post did not remind me. Below is gold price chart, as on 18 July 2011. It is a daily timeframe, and the last candle seem […]
[ad#328-x-300-adsense-text] Technical and Fundamental sometimes moves in the same way. Gold price and oil price starts going down after Osama was killed, at the same time the price not able to break 200% fibonacci level on daily chart (major resistance in my opinion). So it is a good reversal point, where the price should reverse. […]
[ad#328-x-300-adsense-text] Good news for those who bought GOLD as their investment. Gold price continue its uptrend until now, hit USD1504 per oz just now and it is currently traded at USD1497.80. Yesterday, I thought that gold price will retrace or reverse when it hit USD1500 because 1500 is a major psychological price in trading.. but seem […]
Gold jumped to all time high, at USD1453.70 per ounce when I write this post, because of inflation fears and Portuguese credit downgrade drew attention back to euro zone woes. Hmm.. will I buy this commodity today? Sure not. It must retrace or going down (as usual, gold price will going down when a new high […]
[ad#328-x-300-adsense-text] Gold price create a new high for 2011 at 1440.44 on yesterday due to riot in Libya. As usual, whenever we face a uncertainty or fear… we will looking for something safe such as gold and silver. But now gold price start to reverse and currently testing its lower trendline on 1 hour timeframe. […]
[ad#328-x-300-adsense-text] Finally the price break 1.3861 (marked as 3 on the chart), so now I am looking for the bearish or reversal setup for EURUSD. EURUSD is currently at 162% fibonacci retracement, hitting upper trendline, and I believe it is only waiting a good time to reverse. Trade on your own risk. Wish you a […]