thinking of buying gold bars rather than trading gold. Despite confusion about risk off resulting also in Gold (up), sometimes I wonder if gold ever comes down heavily again. I think Asian currency can be the new way to go for me (imho) for a longer term projection.
Jacek, I've changed my trading habit. Currently only active 1 hr before New York opens, and end 1 hr +/- thereafter. Usually I do not trade during Asian hours therefore missing the swings in the day. If you recall, when I first joined this forum couple of mths back, I started as a "long-term" trader (days-week) but I realise I lost more than I earned. At times, I keep small-leveraged bullet alive for long term projection of my own forecast/understanding of economy.
http://www.rba.gov.au/chart-pack/pdf/chart-pack.pdf Still potential downside despite no hint of cuts. still favour a complete H&S. 1.0102 key level for me. prolly still in the 1.01-02 bounce may still play.
it seems the bear is holding well despite "bullish" headlines we see for the past days...prepare long term bear bullet with another up-down-up-down-sideways bullet.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
Gold and USDJPY
Weaker than expected CPI is expected to help gold and drag on USDJPY until this evening's Fed decision/press conference..
View Hot-Chart..
on 15 min shoot star..
Still potential downside despite no hint of cuts. still favour a complete H&S. 1.0102 key level for me. prolly still in the 1.01-02 bounce may still play.