TVC:GOLD   CFDs on Gold (US$ / OZ)
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Script optimised for Gold/US$
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Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.


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what do you think about gold? please let me know thanks
+3 Reply
GrantPeace langtu102
@langtu102, Momentum is great. However, it has had a very long steep rally. I would be hesitant to take a position right now as some sort of retracement is likely. My position on gold is currently bullish, however I will be looking to change that in reaction to an economic stimulus. As for what that is, I am not sure yet. I will update the idea when something major occurs that will drive the US higher or spot price gold down. Currently, the only event in the foreseeable future that will drive this price down is a stronger US$ on interest rate increases. Fundamentally, gold is cheap right now. So keep an eye on the US$.
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GrantPeace GrantPeace
"..something major occurs that will drive the US$ higher." - Typo.
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langtu102 GrantPeace
@GrantPeace, Thank you very much for your reply I'm very appreciated much
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GrantPeace langtu102
@langtu102, I would say that this is a very plausible outlook. why not
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