Tag Archive Gold

Still Holding for the Sale of Gold




Still holding for the sale of gold.

With the stronger US Dollar and rising US Treasury yields these both put pressure on gold prices, we still believe Gold could still be heading down for the price to touch the 1150 mark.

1150 still looks to be a strong area of Buyers to get in on the sale of gold and buy cheap and take price back up.

Even with a sale of gold, the commodity is still an investment, seen as a safe asset.

For the time being, price has been stuck at around the 1200 price area, and could still contain sellers waiting to drive price further down.

While we wait and keep hold of this trade, we’ll keep an eye on US Dollar and economic data as these could have a major influence on gold price.

sale of gold

(Our trading and image was done using an account with UK based broker IG)

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 

No Gold Rush at the Moment




No Gold Rush at the moment it would seem.

Gold could still rebound, though in the past few weeks we’ve seen the selling of the gold metal becoming hectic as if it was in an alternative gold rush to sell.

We believe a bounce had been coming hence why we entered the trade, however it could be the bounce is short lived and a continuation of the downtrend.

We entered for a Buy trade to get on the “Gold Rush”, but we don’t feel it will last long due to the position of sellers still, at around the 1200.00 area, price looks like it had a moment of strength to take it back up to that level and the sellers will enter again for another sell off and take price down further to an area we believe to be containing buyers around the 1150.00 area.

We’ll be taking a close watch of current economic events such as the US-China trade talks, as this too will be sure to have an impact on Gold.

Gold Rush

(Our trading and image was done using an account with UK based broker IG)

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 




Gold Short Trade for New Year Profit

With stock markets around the world on a somewhat new year surge, from a correlation point of view we thought we’d short Gold, added to this the recent weakness in the US Dollar supported a growth in the price of gold, however a new year strengthening of the dollar after a discussion of tax cuts and further interest rate hikes meant the surge in gold prices was a temporary phase.

The markets will also be waiting for Friday’s Non- Farm Payroll results which could go either way for the Dollar and could prove turbulent for gold

We went with a quick trade for a healthy £317.00 profit, a good result as we wanted to be in and out before further change in the market news.

Gold

(Our trading and image was done using an account with UK based broker IG)

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*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 

 




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