Gold: It that the price or the year? for TVC:GOLD by DJHTrading

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Well, this chart is ridiculous. Gold price has caught up with the year and is rocketshiping out of the area. RSI is now over 90 and price keeps stretching away from the average. Signs point to a price correction back to the mean, but it's hard to close a position with all those vertical green bars and when you can hear the FED just running those printing presses in overdrive.

I guess I'll just sit back set my stop loss to zero and enjoy the show.

Trade closed: target reached

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So according to u one should buy at these level and sit back and enjoy the ride what day shall I open buy my position. At this Rate ????

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meeturvish

@meeturvish, take your trades on whatever level and/or day(s) that agree with your plan. If you haven't done anything yet you're 50 behind this continued moved since I posted this on 4 Aug. But if you look at my post I didn't tell you to go all in on that chart, I was making a comment that the price hit 2020 and that I was setting stop losses to zero and going to watch the show. That's me, that's what I'm doing...you do you. It's not about the economy at this point its about the FED playing manipulator, so as long as they are running the printing presses in high gear and flooding the economy and market with 'free money' I'll hang on this my gold and watch the prices rise. that's the only way to keep up with the inflation, or devaluation if you like that word better.

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yes this the first time in the history

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