Gold has a very high probability of going up, one of a few gold indicators says so…….. take current price divide it by the 200 day moving average and gives you a ratio. Whenever that ratio gets over 1.1 typically you would sell or reduce your positions. When that indicator gets below 1 gold is in a strong buy zone, right now the estimated indicator is at 0.89 (lowest level prior to this was 0.95 in 2004) … it is showing it’s most oversold level reading and it's lowest level ever recorded in 16 years. Will not pick you absolute tops or bottom, but is a great indicator nevertheless.
All IMHO.......
DUST trades might turn into DUST.... Ferrari's might turn into a Mini minors
![]()
- Forums
- Commodities
- GOLD
- gold
gold, page-19503
-
- There are more pages in this discussion • 108,326 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online