The recent boost of Gold price seem to be indicating a change of view sentiment for Gold from Short to Long.
This seem to be caused by the bad news from major countries(USA, EUR, GBP and CHINA) with extremely bad news from emerging countries which prompted a run to safety like YEN and Precious metal.
One key problem with China is that while bad data from China would trigger an escape to safety but they are also the major importer of Gold. If USA return to normal next week while China still stuck with their shadow banking and credit crushing, we might see a dip for Gold and another sentiment change.
Going forward for next week, as long USA market remain suppress due to weather? I would be Long Gold,silver and short everything else.
PLEASE NOTE THAT FOREX TRADING WILL RESULT IN LOSING ALL YOUR MONEY. DO NOT TRADE BASE ON MY POST.
This seem to be caused by the bad news from major countries(USA, EUR, GBP and CHINA) with extremely bad news from emerging countries which prompted a run to safety like YEN and Precious metal.
One key problem with China is that while bad data from China would trigger an escape to safety but they are also the major importer of Gold. If USA return to normal next week while China still stuck with their shadow banking and credit crushing, we might see a dip for Gold and another sentiment change.
Going forward for next week, as long USA market remain suppress due to weather? I would be Long Gold,silver and short everything else.
PLEASE NOTE THAT FOREX TRADING WILL RESULT IN LOSING ALL YOUR MONEY. DO NOT TRADE BASE ON MY POST.
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