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Gold Heading For 1276.61


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If you like to trade gold its looking good to me right now. Take a look at this H4 chart showing a potential high to sell with a clear stop at 1289. a break above that could be a signal to reverse and go long.xauusd-h4-ig-group-limited.png

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13 minutes ago, Foxy said:

If you like to trade gold its looking good to me right now. Take a look at this H4 chart showing a potential high to sell with a clear stop at 1289. a break above that could be a signal to reverse and go long.xauusd-h4-ig-group-limited.png

It wouldn't be unreasonable to add the high from Feb to your trendline.

image.thumb.png.a531feac3689d6956824480597a0c0cf.png

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12 minutes ago, dmedin said:

IG seems to have a 'bullish bias' towards buying gold.  JN often has guests on talking about the 'inevitability' of gold rising.  🤣

@dmedin

Every time I've seen IG broadcasts they have got it wrong, so I no longer bother with it!!

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8 hours ago, dmedin said:

Question is, will you 'put your money where your mouth is' and place a bet on it going to 1280? 

😁

Can't trade everything @dmedin but no matter what you do trade you always need to know what gold is doing.

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That's a nice thought but I doubt that the likes or you or I will ever really 'own' gold.  If the world descends into chaos, do you think the governments of the world will let you drive up to the fortified bunkers where the gold is stored and take your gold out?  I will try and read that report though it seems very naieve.  :D

Edited by dmedin
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Some big claims being made for gold right now.  These tend to crop up and reappear on the internet quite frequently.  Interesting, IG was originally called Investors Gold and came about after the international gold standard was abolished.  :)

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