investment
Long

Target for the gold bulls

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Given the crisis in US equities so far in 2016 and the Deutsche bank news of a 10% increase on CDS prices hitting European equities, everyone seems to be flocking to buy gold             ! Understandably with all the risk seeming to be placed in the equity markets, investors appear to be flooding to the comparative safe haven of (relatively) low priced goals.

Recently gold             has broken a number of resistance levels, as it continues to break new highs.

But where to take a profit ?

Well I would suggest the first fib retracement level (0,235) from the 2011 highs, to the recent lows. Which currently stands at a price of around 1248. If you are a long (which I currently am), I'd consider taking some profit here
Trade closed: target reached: Having reached the target, and given the changing situation in the markets (less concerns over China, and rising oil prices), it seems like a good time to take profits.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out