DeGRAM
Long

3 reasons to buy GOLD

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello Traders!

Buy from the level of 1554 to the level of 1578
Reasons to buy.
1) The trend is growing
2) Price near the support line
3) Price at a strong support level
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In my opinion it is better to wait for a clear market signal- Current short term trend is bearish and market hasnt shown any consolidation. Cycles are always the same --> breakout from consolidation, up movement going into sideways going into correction going into consolidation.

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Most of your analysis is wrong because you misunderstand the market
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algoffar Arash72
@Arash72, do you have any idea better?
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Maybe the trend is down because your estimates are wrong at all and you have to be careful about your world views and give your view ..What actually happens since you have followers they do what you recommend You must make a note that you are not sure of the trend range you recommend ...
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Prepare to long for short term
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the overall trend is long... but it's not the right time to buy. this bullish run was in part due to recent events. now gold needs to retest previous supports wich then will give us a potential good sign to long to the higher levels. My opinion on gold.
+1 Reply
Hi DeGRAM,
I agree with your view. However, I forecast a $1650 (Mid-February).
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drhassansherwani7869 Investing_Fellow
@Investing_Fellow, after 2 days it will be in the range of 1515 and 1540
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