Some traders are concerned about their long positions because price is making a pullback. Some analysts suggests a strong decline also.
The best advisor is price. We can have find some clues looking at correlated pair GOLD/EURO.
My bias is very long on both, see related ideas.
Both are forming a similar structure. We can see GOLDEURO is in front now. After a shallow pullback GoldEuro rallied. I expect the same scenario for GoldUSD. The catalyst could be next FOMC news.
My opinion: hold long positions long term!!
Regards.
Kommentare
bobwff33
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my 1107 ,1156 trade still there ,SL 1155 ,waiting for long
Capital75official
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Very true. There is a load of room downward as the market looks to consolidate but overall the bulls will have their day. For now the price levels of 900 for gold/usd or even lower and 850 fo gold/eur maybe more real than ever. Bears are minting this market. Good tidings everyone.