will see if gold stocks and ETFs get buying today. If they gap n crap I'll buy DUST, otherwise I'll buy if breakouts continue
i think in 1 or 2 days...... gold will be below 1990 ....but where it goes from there i do not know. it is easier to trade and make money than keep making predictions. because we can flip our positions in a minute but we cant change our predictions......... better lose your opinion than your money
Long term wise, I have no idea where it is going. I doubt it will break the record high. short term wise, I'd avoid trading gold futures. its movement has been rather untrendy / messy. there are other better things to trade actually. I will trade gold when there is nothing else to trade.
I've picked 4 bottoms, made 3x break even and one nice run in XAG/JPY today, and looks like they're both (XAG, XAU) up-trendy. A lot of fakeouts though, seems like no-one really knows the best price for a solid low.