Welcome to my Trading Blog

Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Tuesday, May 18, 2010

Can Gold sustain above 1200 level ??

1) Gold is predicted to go below the 1210 , in view of the fact that Gold above 1200 is considered very expensive even though it is deemed to be a safe haven asset. But comparing the relatively  good yield on the USD currency-related  Trading, and the relative weakness on both Equity and other commodities, it is thus logically assumed that  Traders will dump Gold and switch their positions.  The price action below 1210 will send the gold towards the 1100 level.

I have therefore  executed  my above comments with respective Trading Actions immediately.


COM518b

No comments:

Post a Comment