SubscribeThere are plenty of folks that are predicting a deepening eurozone crisis over the weekend, which could spell $1,700 gold by Monday, while others believe that gold is overcrowded and correction to $1,550 is about to happen
Thread: Gold
There are plenty of folks that are predicting a deepening eurozone crisis over the weekend, which could spell $1,700 gold by Monday, while others believe that gold is overcrowded and correction to $1,550 is about to happen
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Abubakar 148 (2020-09-07), Hamzagoroo (2019-03-30), Joo (2020-02-12)
i'm thinking that they don't have to protect their investments since they already liquidated their earnings during the previous day (friday today so time de-stress). the bounce back up to 1660 happened mostly during the asian market where they found 1640 as a gold bargain.
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Abubakar 148 (2020-08-11), Joo (2020-02-12), Zed Storn (2020-05-23)
Mexico, including the largest gold buyers throughout the year, reaching a total of $ 5.3 billion, or equal to 98 tonnes of gold, followed by Russia which has bought 48 tonnes of gold worth $ 2.6 billion. Previous Korea also confirmed the purchase of 25 tonnes of gold in June and July
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Abubakar 148 (2020-08-05), Hamzagoroo (2019-03-30), Joo (2020-02-12), Zed Storn (2020-05-23)
Gold is corrected sharply after set a new rcord
high near 1682 resistance area yesterday.
Constant move below 1645 support area
should bring gold lower to test 1623 1632
area.
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Abubakar 148 (2020-09-07), Joo (2020-02-12), Zed Storn (2020-05-23)
Despite the risk aversion surrounding the markets, gold reversed sharply after setting a new historic high around $1,685 an ounce, falling over $40 to $1,640/oz with traders reporting that the strong selloff in stocks is forcing investors to cover positions and meet margin calls.
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Abubakar 148 (2020-07-14), Hamzagoroo (2019-03-30), Joo (2020-02-12), Zed Storn (2020-05-23)
The price of gold is shooting up greatly as we speak. It broke its all time high standing at 1600 dollars per troy ounce and have even gone beyond that. This is happening because of the debt issues that is making the dollar to be weaker.
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Abubakar 148 (2020-04-22), Joo (2020-02-12)
Gold will Retrace & often there will be cargo to be aquired at that time but understand this.
Like Petrol/Gas, Long gone are the days of $1.00/Gallon.
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Hamzagoroo (2019-03-30), Joo (2020-02-12), Zed Storn (2020-05-23)
Bias is back to bullish, after succeded break
resistance at 1630. Bias is still bullish as long
as the price moves inside bullish channel.
Immediate resistance is at 1672
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Abubakar 148 (2020-07-25), Joo (2020-02-12), Zed Storn (2020-05-23)
As we can see ... up trend with 55 SMA... I think it is very good chance to buy from the up trend with small target... what do you think, guys?
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Hamzagoroo (2019-03-30), Joo (2020-02-12), Zed Storn (2020-05-23)
Gold in USD has reached a new historic peaks at 1673 USD / troy ounce, which is still shorter distance to 1700 USD / troy ounce
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Zed Storn (2020-05-23)
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