short term trade $US

Discussion in 'Gold' started by havo, Apr 20, 2015.

  1. havo

    havo Member Silver Stacker

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    buy gold under $1200? min price target 1230. stop @ 1180.
     
    havo, Apr 20, 2015
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  2. SmartyFarty

    SmartyFarty Member

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    Above the $1200USD resistance level again. Some people are predicting the greenback to start depreciating against a basket of currencies after a pretty stellar run (up over 20% against a basket of currencies over the last year or so).
     
    SmartyFarty, Apr 22, 2015
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  3. havo

    havo Member Silver Stacker

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    OK. So scratch the short term profit target and just go long here with stops @ 1180 and/or 1140.

    If your view is that the USD went up because of geopolitics, then it should fall as economics resume centre stage.
     
    havo, Apr 22, 2015
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