GOLD: Thermometer of World Economic Sentiment (II)
Hi Guys,
the narrative of this post is the same applied to my post dated April 13, 2019 (below)
Financial Crisis have driven Gold price up. CBs around the world have responded by implementing policies aimed to stabilize the financial System.
The run started after the collapse of investment bank Lehman Brother when Gold retraced from 1032 to 730 in 2008. It took three years to get to 1920, then...profit taking in Sept.2011!
In 2012 skepticism was surrounding the policies implemented by CBs and for 18 months Gold was supported at 1570/1550.
Finally at the beginning of 2013 demand for safe haven dropped and Gold dived to reach 1046 in 2016.
After 4 years since 1046, Gold is now back at 1570/1550, previous support between 2012 and 2013 now become resistance.
Click & Play the followings to watch price unfold
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
the narrative of this post is the same applied to my post dated April 13, 2019 (below)
The run started after the collapse of investment bank Lehman Brother when Gold retraced from 1032 to 730 in 2008. It took three years to get to 1920, then...profit taking in Sept.2011!
In 2012 skepticism was surrounding the policies implemented by CBs and for 18 months Gold was supported at 1570/1550.
Finally at the beginning of 2013 demand for safe haven dropped and Gold dived to reach 1046 in 2016.
After 4 years since 1046, Gold is now back at 1570/1550, previous support between 2012 and 2013 now become resistance.
Click & Play the followings to watch price unfold
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
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why silver is lagging so much vs gold? why is XAG reluctant to make same move made by yellow metal?
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