I had been waiting for a better entry but there was none. It is not to late however. Thus I am buying now.
I see a retracement of the previous decline and assume that the downtrend is still valid. At least we are in a sideward movement which will limit the loss potential.
The trend is in force and the last move up since March 10th has been retraced now.
We are close to a monthly support. Thus we may expect a retracement here.
has been corrected. Thus we can expect another attempt up again.
We just have retraced the rise of the latest 2 days. In this sideward market with upward bias I think that it is worth to buy some.
Gold has reached the lower area of the current sideward movement and as the tendency is rather up I would prefer buying here. Eaton Vance looks like a good alternative as it is within a prooved uptrend for moths.
I don't know whether this is the optimal price to enter the position but the trend is pretty strong so that a few bips more or less son't play that role I suppose.
We are inmidst of an upward channe nd the latest retracement down has been corrected today.
So I consider todays fall as a consolidation.
That's why we may expect its continuation.
The overall trend is strongly down and the short term retarcement attempt is not convincingly strong.
It has been down and the correction we were playing may have come to an end. Thus we may expect a continuation of the trend now.
I think so. But there is a retracement up due now.
The price is fastening the seat belts after the new low yesterday.