Golden opportunity?

Discussion in 'Forex Signals' started by myfxpt, Nov 9, 2017.

  1. myfxpt

    myfxpt Master Trader

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    Here's an extract from Kitco News, November 3, 2017:

    Bill Baruch, president of Blue Line Futures, said that one of the reasons the gold market has been so quiet is because risk aversion sentiment and geopolitical uncertainty have fallen off the radar; however, he added that this could be the time to buy gold and expects to see investors buy on dips.

    “You want to buy gold now because when volatility picks up and gold catches a bid, it will be too late. You will end up chasing the market,” he said.

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  2. Enivid

    Enivid Administrator Staff Member

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    Are you buying it?
     
  3. myfxpt

    myfxpt Master Trader

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    I entered gold the day I posted above!
     
  4. myfxpt

    myfxpt Master Trader

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    I exited gold today with a -$4,676 stop loss. Premature entry or just poor analysis? We shall have to wait and see, but my bias remains to the upside.

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  5. myfxpt

    myfxpt Master Trader

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    Sideways still...yawn!

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  6. myfxpt

    myfxpt Master Trader

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    This is why I am still bullish on gold. Price respects support, gold-oil ratio looks set to fall below the signal line, and I am just waiting for MRSI to cross above the 0.25 level to trigger my buy entry. Potential between an entry now and next resistance level is around $45 per oz.

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