Is It Too Late To Buy Gold?

Discussion in 'Commodities Forum' started by longtermbull, Nov 7, 2016.

  1. manoharb

    manoharb Senior Investor

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    https://www.investing.com/commodities/gold-technical

    Gold, Monthly 50SMA around 1230$ and Monthly 50EMA around 1270$ this 40$ gap is showing, Gold will fall below 1230$ short-term . Sell Gold target below 1230$.
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    How do you see the price of gold performing in the medium to longer term? Are stock markets taking cheap finance for granted? What happens as interest rates edge higher during 2018?
     
  3. manoharb

    manoharb Senior Investor

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    Still no reaction from ECB and FED increased interest rates this month, so EURUSD will stay in 1.1500-1.2000 range for some months.

    About Gold Medium term, It will stay in limited range 1200-1335$ and Long-term, Gold Monthly 5SMA-EMA, 10SMA-EMA, 20SMA-EMA, 50SMA-EMA are in between Monthly 100SMA-EMA 1198-1339$ range, Monthly 200SMA is 942.60$ and Monthly 200 EMA is 1024.60$.

    Gold Long-term Data suggests , Go long in Gold if Gold broke 1400$ successfully and Go Short in Gold if Gold reached below 1100$. At current stage make short-term profit and then according to Global Events or uncertainties increase or reduce positions in Gold.

    Prefer Gold Option trading with Hedging positions. Hedging is safe. https://www.investing.com/commodities/gold-technical
     
    Last edited: Dec 27, 2017
  4. longtermbull

    longtermbull Administrator Staff Member

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    Personally I’ve always wondered why gold has not performed better in these “troubled times” but it seems that investors are unperturbed about the likes of Donald Trump and Brexit. Interesting to see the next buy signal is $1400 for gold with the commodity set to be stuck in a relatively narrow trading range in the short term.
     
  5. manoharb

    manoharb Senior Investor

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    If Gold broke 1200$ then European equities will turn Bullish and If Gold got stable above 1350$ then bearish trend in European Equities will get continued. 1200-1350$ range of Gold is the trigger for European equities. Brazil, Russia, Canada, UK, US interest rate changes, keep eyes on that.
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    Does the relationship between the performance of gold and European equity markets show strong reverse correlation in the past? Do you have any graphs showing this?
     
  7. manoharb

    manoharb Senior Investor

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    Not necessary every time when Gold fall, Equity markets show reverse correlation. Gold is also part of Forex Reserves so currency, commodity, Equity markets are connected to each other. According to trend , Gold is hot pick in European markets and Most European Indices are trading near Daily 200SMA-EMA . EURUSD already trading at 52 week high. If EURUSD trade above 1.2100 then profit booking in European equities by FII can be seen.
     
    Last edited: Jan 3, 2018
  8. kirtimeliwal

    kirtimeliwal Senior Investor

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    I want to some suggestion regarding gold trading, what is the current status of gold trading?

    Commodity tips
     
  9. longtermbull

    longtermbull Administrator Staff Member

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    Gold is now pushing towards a 12 month high - while I think there will be more volatility in US markets in the short term I am not sure if there will be enough to make a switch to gold worthwhile. There is just far too much cheap finance available for markets to fall too far.
     
  10. JR Ewing

    JR Ewing Super Moderator Staff Member

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    When we start to see inflation pick up (for the fist time in a long time here in the US), it can be a good time to have a little gold in one's portfolio.
     
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