Jump to content
Sign in to follow this  

Gold, Silver and Precious Metals look interesting

Recommended Posts

Right now Gold and Silver are looking very interesting. Precious metals in general are with Platinum and Palladium. The price action started turning positive mid December 2017. 

 

I think the long trade is on for precious metals.

Share this post


Link to post

Yes , I was looking at gold this morning and thinking these kind of relentless tight channels are often down to ongoing, steady, controlled (and controlling) institutional buying. If a retail trader is waiting for a pullback tough.

 

 

XAUUSDH40202.png

 

 

   

Share this post


Link to post

What is interesting about the current Gold price is that it is still below what the price was back in the first week or so in September 2017. I would want Gold to move above this price and then go above the mid July 2016 price before getting too exciting about Gold.

 

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,881
    • Total Posts
      41,780
    • Total Members
      52,035
    Newest Member
    eriseley
    Joined 15/12/19 18:54
  • Posts

    • I think that was in reference to the different strategies as in a mean reversion system with smaller targets needs more trades than a trend following system that is longer term.
    • 'Trading only 50 times a year limits your P&L' 'Trading 500 times a year lets you exploit your edge' Pretty much goes against all professional wisdom on the subject of trading.  'The more you trade, the more you lose.'
    • Just listened to the Jack Schwagger podcast.  Typical BS: Stick to the rules and be disciplined! Except when it stops working - then change the rules! Know the market!  Limit your losses!  Analyse every trade - that will help prevent you losing!  But everyone loses throughout their career!  It's all about losing less frequently!  Blah blah blah ... In other words, 'To hell with this ... I'm going to get rich by writing a book instead'
×
×