Gold could go back down - page 5
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Great rally for gold, but for now the 1200 level could act as resistance. Attention to a possible bearish correction.
$1,233 might be a good opportunity to go short.
This isn't the end of the move to the upside, I think. I think I might open more longs, I think it will reach at least 1280.
This is killing some traders
This is killing some traders
And making others very rich. The rally should have been expected, really, especially after it broke above 1180.
And making others very rich. The rally should have been expected, really, especially after it broke above 1180.
After years of artificially pushing the price of gold down, nothing was to be assumed. Even now, that is clearly a market manipulation
Isn't everything a market manipulation, more or less? That said, do you think Gold will continue rising or was that it?
The pullback on gold could end at the 1200 level and the price may go back to its bullish trend.
I think this was the end of the retracement and Gold will start rising towards 1280 again.
Gold is still stuck at the 1200 level, but the bullish trend is still in place.