Trading Gold.

[100c�]

I am a complete newbie when it comes to trading gold and I just started with my demo last week. I am still struggling how to trade Gold. But I think if I got it right I can earn good profits with gold. I just need to study it further and learn form other members who are veterans in trading gold. Wish me luck!

Yes you are right Gold is the best for earning profit quickly as well as losing money. It is not for newbie but when you will learn about the Gold movement and how and when trading in Gold ? then you can start your trading in Gold. But one thing remember always trade in small lot as a starter.

[SG Trader]

i think gold falling till $1500 not possible. we can see after touching $1533 its going up. we can see next down trend almost $1640.
but i sure this time gold cross more then $1900. if we have enough balance in our trading account then its good time for buy gold.

previously i thouht would touch$1500, but after gold go up from 15xx and now was touch $1625 so there is possibility gold will touch $1900..
also many expert trader and expert of economic analysis say that gold will going up in the end of year

[s19]

there any possibility a gold will continue go down until 1500, and i doubt if gold can reach 1900 at the end of year. but we believe that gold will go up in the some month

i think gold falling till $1500 not possible. we can see after touching $1533 its going up. we can see next down trend almost $1640.
but i sure this time gold cross more then $1900. if we have enough balance in our trading account then its good time for buy gold.

[newentry]

Can you share what indicators you use in trading of gold?
did you ever open a sell position as well? because there are traders who said that if the trading of gold do not ever sell, but always buy ...

yes i heard about that, because we know that gold price always move up and seldom to go down so some traders make a conclusion to buy is better than sell...and we can use some indicators for it, anything or of what we use at currencies pair

[Mr. Tukul]

trading is gold is too too risky and with sell order i think is more risky.
we wait for good time but if you margin is very good then you can trade with buy order. i thing this time gold touch $1900 or more then this level.

it should always buy gold, buy, and buy ... do not ever sell ...
but we also still have to find a good time to buy, if you could lose a big one ...
buy as the price of gold in 1800, today they are experiencing losses pretty much ...

[s19]

i think gold will go down for upcoming weeks . it is quite difficult to break the 1650 level for gold in last couple of days. and also it stayed under this level in daily chart . if it is stay below in this level in next monday closing then we may see some down ward movement for this commodity.

trading is gold is too too risky and with sell order i think is more risky.
we wait for good time but if you margin is very good then you can trade with buy order. i thing this time gold touch $1900 or more then this level.

[dmambi]

Gold trading is quite difficult for the new traders with little capital in hand. Instead it is better to trade silver which is the sibling of Gold and follows it most of the time where little investment also possible.

[speedy]

There is a strong support level expected below $ 1500 levels and we can expect a lot of buying at these levels.One should be cautious while trading in gold.

Agreed, we should be extra cautious while trading in gold. I also agree that $1500 is the strong support of gold. Still at $1600 many traders are buying the gold as the current fall of gold is still surprising of many traders and they are taking it the best opportunity to buy gold at these levels.

[SG Trader]

there any possibility a gold will continue go down until 1500, and i doubt if gold can reach 1900 at the end of year. but we believe that gold will go up in the some month

[miracle]

is there any possibility that gold can reach 1900 at the end of this year? i think last few weeks many trader get margin call because the price drop drastically, including me.