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$1,391.7 gold futures

Thank you very much. I didn't want to be all over the place and...

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AlbertM

266 Posts.

28/11/16

13:55

Post #: 20935103
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Originally posted by Forged ↑

You can only trade gold, if gold is your only field of expertise. But use a discipline trading sytem based on chart & sentiment. I sold gold when it broke down $1270 the night Trump won. Take a breath/chill out for few months with cash in hand & buy back gold at lower price when you think the bottom is in (you'll get more shares @lower price/pocket some money buying the same number of shares @lower price). I still see 1130 short term bottom at this stage.

Or you can jump around between gold & industrial metals, whichever bullish at the moment to max profit without the need of waiting for the next gold up cycle. This is my trading style at the moment.

Or well diversivied among gold, health care, online travel agent, etc. But you need to know other sectors very well like you know gold.

Below is gold chart before the election, the bottom red lines is my sell trigger. True enough it was breached.

View attachment 354851

Now

View attachment 354854

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Thank you very much.
I didn't want to be all over the place and diversifying into industrial metals is a good tip, I'm an engineer and understand a bit

Thank you for sharing your charts and thoughts.
1 Upvote

0 Great analysis

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