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When Will Gold Reach a New High? - Jeff Clark - Casey Resaerch

From a purely technical point of view,my opinion is that gold (monthly chart current) reached a 1,2,3 high in Sept last year. It is just as likely to go to $1080 as break a new high.

Weekly, it looks as though it will trade in about $150 range before breaking one way or the other.

As stated, conjecture.Percentage this ,percentage that?
I hold gold for no reason other than to pass it on to my kids.

I will trade it up or down on daily charts for sport and recreation taking none of the above into consideration. Furthermore i do not use trendlines, supposed support and resistance,fibonacci thingies, moving averages or any technical indicators other than bollinger bands.
I set stops on entry. I do not set limits. I have a modicum of success. It can be very frustrating.
eg last night I went to bed long silver only to find out about an hour ago that I had been stopped out by a few pips and for it to go straight back up to...a long way !!!
I am going for a surf. Good luck to all traders

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Début de l'article :Some investors are frustrated and a few are worried that gold seems stuck in a rut. This stall in price has happened before, of course, but since 2001 it's always eventually powered to a new high. Unless one thinks the gold bull market is over, it's natural to wonder how longmight we have to wait before seeing another new high... Lire la suite

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