Understand gold had a big increase in price yesterday to hit above USD1320.
Is the USD coming down or it's a hedge for coming inflation (or already here)?.
Is the USD coming down or it's a hedge for coming inflation (or already here)?.
Understand gold had a big increase in price yesterday to hit above USD1320.
Is the USD coming down or it's a hedge for coming inflation (or already here)?.
my views on gold are that because of the iraq crisis which i think is real(intially, i thought it was some poker game like in ukraine), pushed up the liquid gold(OIL), when oil goes up, gold also goes up. but once the crisis is over, you can see gold going down again. The selling of greenback for the past 2 days are also reasons why gold went up but minimal. if you look at the 1 day chart, it's still a downtrend. besides, did you all notice how gold price build up for the past 2 weeks, apparently, before the news broke, someone out there already know something is brewing in iraq. i always use gold price to judge how the world economy is doing, cos USD and RMB are very closely related to it.
feel free to addon if you think otherwise...
look at the downtrend channel of the 1 day chart, you will know why i say gold is still downtrending...
<img src="https://charts.mql5.com/5/20/xauusd-d1-oanda-division7.png" width="1157" height="467" alt="Chart XAUUSD, D1, 2014.06.20 06:04 UTC, OANDA DIVISION7, MetaTrader 4, Demo" title="Chart XAUUSD, D1, 2014.06.20 06:04 UTC, OANDA DIVISION7, MetaTrader 4, Demo">
Understand gold had a big increase in price yesterday to hit above USD1320.
Is the USD coming down or it's a hedge for coming inflation (or already here)?.
Understand gold had a big increase in price yesterday to hit above USD1320.
Is the USD coming down or it's a hedge for coming inflation (or already here)?.
Gold looks quite likely to take out its march high. I think this bull has legs.
Sounds like there is still upside in the near future
after the manipulation gold is recovering. Stay away from the stock exchange. Commodities only
if you notice, whenever, gold goes up, pple will start to sell and take profit, i doubt it will go up further...unless a war break out or there is another lehman crisis.
Understand gold had a big increase in price yesterday to hit above USD1320.
Is the USD coming down or it's a hedge for coming inflation (or already here)?.
I'm with you on this. I believe it's just a knee jerk reaction to the Iraq crisis. Barring unforeseen circumstances such as war, I see prices coming down in the short term. Longer term, gold should rally again.