Middle east news - Israeli Planes have Bombed
10 Comments for:
Just now reports mentioned
Re: Middle East news
Israeli Planes have bombed targets in Southern Lebabnon after HIZBOLLAH siezed two Israeli Soldiers.
Tensions slowly Emerging.
posted by GoldTrade @ 12:54 AM
10 comments
10 Comments:
So
do you suggest to enter new long positions?
No i would suggest to wait
Enter after the Data release.
You will see Gold and Silver to trade in same ranges, before the data
So wait for data, and then take action
Dont take Panicky moves. think and then move.
Cheers.
I will advice also, what to do.
Hye Marco,
Few Traders who were long are closing there positions right now, Arranging there protfolio before the Data releases.
Thats why its going down.
And this give me a Signal, of a Major push towards 1.2850
We feel the data would be a Little higher than Expected could be -66 Bn (Expect is -65)
This would Pick the EUR/USD towards 1.28 level.
Would give Slap to USD
and Would help Commodities.
Gold start running now?
Anonymous,
thats true gold is at 646 level right now.
But we wont take any action before the data.
I feel its better to wait 2 hours.
Dont feel you are losing chances, cause there are many more to come.
And after the data, things could come in to favour of gold or could get adverse.
We all should be happy with good profits we encountered Tuesday. So enjoy them for the moment
And wait for 2 hours, lets wait for data.
Is gold directed to 660-680 area?
I remember that on may gold goes over 700$ in about 1 month
what do you think?
it's possible so see a drop or do you feel a rise
Thnks
Well gold will ofcourse touch 660-680 Level.
But i dont feel it should start going so much high so quickly.
But what i feel foremost
We wont see it touching 600 level again.
Gold has started getting good liquidity now.
But the price its standing right now, i feel a little dip ($10 down ) is necessary for a move upwards.
I feel Friday it would take a Dip a little.
However, all circumstances depends on the Indicators
The Big one is on Thursday.
The Main reasons right now for gold to go up is Weakness of USD.
Right now ECB HURLEY is giving speech. And he mentions ECB tends to increase the rate, and in 2007 the interest rate will definately be 2007
So Traders listen such news, and divert there money to commodities
which is pushing the prices upwards.
Well those people who kept there half position should be rising.
However People who arent in position shouldnt Panick (and they should wait for Data today).
I am sorry to ask but I am really new to this work.
What will likely be happen if the trade balance less than or higher than expect?
(I am from Thailand, so not really understand about this.)
Thank you.
hello anonymous, my name is jack i am from spain.
as i know if trade balance is high then expected this will be bad for usd and increase the gold price.
But is it not mean, we can expect the FED will hike their interest rate again?
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