Major Gold Buy Level

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Gold continues to fall as the U.S. Dollar grinds higher and investors flock to stocks versus the safety of the metal. In addition, it can not be understated how much crypto-currency has taken some of the buyers away from gold. Whatever the reasons, gold continues to tumble, now trading below $1,230/ounce. After analyzing the chart of the gold ETF $GLD, the buy level appears to be $112.50. That signals a drop below $1,200/ounce before the buy becomes a fantastic swing trade play.




Gareth Soloway
 
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peremodaw

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Gold continues vidmate to fall as the U.S. Dollar grinds higher and investors flock to stocks versus the safety of the tutuapp metal. In addition, it can not be understated how much crypto-currency has taken some of the buyers away from gold. Whatever the reasons, gold continues to tumble, now plex trading below $1,230/ounce. After analyzing the chart of the gold ETF $GLD, the buy level appears to be $112.50. That signals a drop below $1,200/ounce before the buy becomes a fantastic swing trade play.




Gareth Soloway
I guess the Pivot on 1D chart still needs to give a few more strong signal then can think of shorting as per present position.

Regards,
Sloth Smith
 
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Mitokondrion

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for a while,i think it will go long.
 
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