Time Is everything with Gold
In order to share my ideas with everyone We will have to notice several things
1.Gold has bean steady within Aug 23- Oct -10 ( The time of year were Gold is regulated a lot and the price is maintained stead in order to provide a steady income to those that benfifit from the income and export of Gold.
2. Gold becomes a high demand through the months of late Dec-Feb every year for the past several years. ( so if your looking to sell Gold your on your own for the next few month lol)
3. So far the weekly trend line is @ 1204.47
So currently I am looking for a buy in two areas depending on where the 4 hourly closes and the daily closes above these areas which are 1230 or 1203 but i am leading more to the lower areas because we are still some time away from December but i rather get it the lowest possible for the least amount of drawdown.
In order to share my ideas with everyone We will have to notice several things
1.Gold has bean steady within Aug 23- Oct -10 ( The time of year were Gold is regulated a lot and the price is maintained stead in order to provide a steady income to those that benfifit from the income and export of Gold.
2. Gold becomes a high demand through the months of late Dec-Feb every year for the past several years. ( so if your looking to sell Gold your on your own for the next few month lol)
3. So far the weekly trend line is @ 1204.47
So currently I am looking for a buy in two areas depending on where the 4 hourly closes and the daily closes above these areas which are 1230 or 1203 but i am leading more to the lower areas because we are still some time away from December but i rather get it the lowest possible for the least amount of drawdown.