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how can I know supply and demand in gold 2 replies
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Dislikedi got 1032 area from the 161.8 of the last swing also aside from it being the high
weird
more reasons for that target to be reachedIgnored
DislikedGold is very volatile. Gold price moves 5 USD up/down each day; but lately, we experience 50USD up/down. Each $1.00 in price movement is equivalent to $100 ($10 for a mini lot size). With that you can easily see how it will affect your SL-TP ratio.
People claim to simply go Long Gold because any country will want it regardless. however, if this is so, how come gold price kept retreating? There was once a correlation between Gold and Oil. way back about 50 years ago, Gold is about 100 x Oil price. Now, its just 10 even less. So you should go Long Oil instead. I'd go Long Oil once it hits $80.Ignored
DislikedBig volatility doesnt matter if you know what you are doing. The market is precise and everything is tradable with minimal SL.Ignored
DislikedAnd ummmm.... You are Long Gold at what price? At $900 expecting it to hit $965 then $1032?
No thanks...Ignored
Disliked...and mine would have been long from 736.20 with TP 920.30....but I don't trade gold either.Ignored
DislikedI'm long on both gold and silver, though I don't trade it over the net.
Whenever it hits a nice deep dip, I go down to a local dealer and buy some physical.
I'm thinking they will be bullish for a good while longer.Ignored
DislikedWithout a doubt, this is the smartest way to go at times. This is more for the long term guys.
Man, my stepfather was talking about years back when he almost bought several ounces for like $300. He is kicking himself now.Ignored
DislikedDoes anyone trade gold here, please give me an opinion, I think I cannot put the triggerIgnored