This is really early, but I know people like to check on gold and it's been fairly choppy and dull.
I attempted an outlook for the year kind of reading on it in April with dates for lows and highs, etc. The results of the dates were off a day or 2 usually, and weren't necessarily reflective of the bigger swings. I will keep playing with this idea though.
So, I checked in for an update, and there is something consistent from that reading to today's, and that is that there is a buying opportunity in September. And I also get a consistent low number to watch for, and that is the price of $173-74. (4% from here).
There can by some seasonality in the 4th quarter in gold, so this lines up as well.
The specific date (plus or minus a couple days) is Sept. 12th. The reading in April was referencing September as the "best buying opportunity", so at least that is consistent.
I will set alerts at $175 to keep an eye on things, and may post this idea again closer to the date. In the mean time I suppose you could try to short it because the advice is for multiple days down.
I attempted an outlook for the year kind of reading on it in April with dates for lows and highs, etc. The results of the dates were off a day or 2 usually, and weren't necessarily reflective of the bigger swings. I will keep playing with this idea though.
So, I checked in for an update, and there is something consistent from that reading to today's, and that is that there is a buying opportunity in September. And I also get a consistent low number to watch for, and that is the price of $173-74. (4% from here).
There can by some seasonality in the 4th quarter in gold, so this lines up as well.
The specific date (plus or minus a couple days) is Sept. 12th. The reading in April was referencing September as the "best buying opportunity", so at least that is consistent.
I will set alerts at $175 to keep an eye on things, and may post this idea again closer to the date. In the mean time I suppose you could try to short it because the advice is for multiple days down.
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.