For those of you who are following my analysis on a regular basis, you should not be surprised by the situation of GOLD. I've already written in previous analysis the level of LEvel and the headline goal. Although 1040-1060 is the tricky level of GOLD bellow which the precious metal may fall well bellow 980. But we are not htere yet. Having said that, the articulation and the choreoghraphy of macro economic news are almost as I 've forseen. Although at present I do not believe that FEd would increase its interest rate by June, en of 3Q15 may be the earliest moment. For those of you who would like to enter long XAUUSD, I think that it isn't yet the right time.
To enter Long means that you buy XAUUSD and expecting that the price will rise. If you enter short the market, you do buy with the expectation that the price will decrease.
RomelJohan
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Thanks for that. Sorry for asking, im pretty new at this.
Pashabxl
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No problem there is no idiot question at any given time, and even those who are trading for the last 20 years are pretty new because everytime there is a new situation. Being humble is the greatest tool in the market
RomelJohan
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What do you mean by "For those of you who would like to enter long XAUUSD, I think that it isn't yet the right time." as in to buy or to sell ?