BombayBulls
Short

GOLD - Short and Feeling Secure!

FX:XAUUSD   Gold/U.S. Dollar
37 0 0
We have been advocating gold             short for long time. Reasons are obvious,
1.) Fed rate hike talk
2.) No real value in holding which doesn't earn you money except in case of capital appreciation
3.) No war on sight and recent so called Grexit fears couldn't even push it few tics higher
4.) Fear mongering about inflation due to QE             - Everywhere crowed is losing battle and in line to liquidate their holding. Well eventually those loss making funds have to go ! and that might put gold             below $1000.
So trade is simple. Stay short or go short whenever good bounce materialize which can give us opportunity to define the risk.
Our last short from around 1200 is now $100 in money ! and now we are waiting for better levels to add if it goes near 1140.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out