May 28, 2009 1:30 pm (Manila)
Gold is out @ $946.9 an ounce. There's something about this gold that I can't get my finger on. Oh well, I guess I'll wait for gold to drop to the $700-$800 area before buying back in.
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Bought Gold at $946.6 when it fell to this intra-day low. With a madman on the Korean peninsula testing a nuke, firing missiles and threatening to attack US and South Korean ships, I believe a specter of uncertainty has befallen the forex market. As always, need is there to be cautious on which currency pairs to trade. With this, a rush to safe-haven gold is possible.
A number of indicators (RSI, MACD, Slow Stochs) are suggesting that gold is poised for a rebound.
Let's see what happens.
Proud and Hoping
15 years ago
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