The Sharp fall For Gold.

FX:XAUUSD   Gold / U.S. Dollar
511 16 10
Right now. Gold             is the preparation and logistics. For a fall
Now, at the beginning of the course.
The main downfall. Not yet started.
Would you short gold?
ZarNegar iggi8899
I believe at the end of the year 2014. gold is less than 1100.

This is just an opinion
iggi8899 ZarNegar
Well, gold certainly reacted negatively to a ceasefire outline regardless of imminent easing by the ECB. At the same time, the market is over bought. So from a trading perspective value depends on the speed of either selloff. Its a very tactical market.
Totally agree, 800-1000 will be the norm....miners that bought land in the 1400-1900 range will vanish
+1 Reply
iggi8899 Stockman
Would you take a short position or stay in cash regarding gold.
ZarNegar iggi8899
I take a short position and I'm day trading.
iggi8899 ZarNegar
I took a position in DUST at 2:01pm and closed it at 3:42.(was a good trade :) ). Closed it out because, too many overnight factors. ECB may not say anything new and you may be right. I'm just chicken at this moment :)
iggi8899 iggi8899
But I am short with SPXU, so not totally chicken :) . I think the market will be disappointed with the ECB. Gold is reflecting multi variables at this moment, Ukraine,..ecb so not holding that one overnight either way.
deanshuker ZarNegar
why are you using monthly period if like you said, you are day trader istead to use 30 minutes or hourly?
+1 Reply
maximus71 ZarNegar
Why do you expect a So big down fall of gold ? What are you foundamental reason to see gold at 1000? Personnaly im not sure it will be so down...the monetary system is dead with printing So much money...the only one who will survive is expecting a violent upside after good downside....thats my opinion....:)
afbitcoins maximus71
Monetary system is on life support, all but dead. Agree completely. Are interest rates really going to rise? Have you seen the government debt? Gold can expolde any time but if you convinced its going down perhaps you could short paper gold (GLD), and buy physical bullion with the profit.
Agree Zar.
+1 Reply
hi friend like all your ideas,
but i dont understand in this idea if you think it's short why did you put long?
+1 Reply
ZarNegar ProSignals
Dear Friend
In trade. Must consider both short and long time.
Both are important. No difference in terms of value.
I admire your work, but think you are wrong on this one - but we will see, soon enough, how this forecast goes...
+1 Reply
ZarNegar JimFred
Thanks very much, Mr. JimFred
I believe it is fall and I am sure
Gold is currently preparing to start this fall.
We never see gold in 1400 and this is just a dream and wish.
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