Comments on: Gold, GDX, Euro & US Dollar Analysis https://rightsideofthechart.com/gold-gdx-euro-us-dollar-analysis-2/ Stock Trading, Investing & Market Analysis Sat, 02 May 2020 00:28:46 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: FrancisQ https://rightsideofthechart.com/gold-gdx-euro-us-dollar-analysis-2/#comment-11836 Tue, 02 Oct 2018 14:25:55 +0000 https://rightsideofthechart.com/?p=188147#comment-11836 In reply to Dean Drummond.

Thanks. Impatience turns my brains into an inoperable potato mush. As i’m reading your reply, the price is within a spitting distance to that target. I’ll wait (I have the patience to wait for a few dollars and see what it does there) :-)
https://www.tradingview.com/x/glEo9QEV/

]]> By: Dean Drummond https://rightsideofthechart.com/gold-gdx-euro-us-dollar-analysis-2/#comment-11835 Tue, 02 Oct 2018 14:06:14 +0000 https://rightsideofthechart.com/?p=188147#comment-11835 Depends. /GC is still just below that key 1213 + downtrend line support on the 60-minute. EUR/USD is in a near-term downtrend & has fallen to key support where I “think” a reversal (from at or slightly below) this level is likely but none of those things have happened yet (/GC breakout or EUR/USD successfully bouncing off support or breaking out above that 60-min falling wedge).
As such, adding to gold & related positions (platinum, miners, etc.) here is what I can an “anticipatory” trade, which is somewhat aggressive & runs a higher chance of failing, should those potentially bullish developments above fail to materialize. On the flip side, you can go the conventional route of trading which is to go long on a breakout or once it is clear that the key support in EUR/USD held with the pair rallying off that level & taking out the 60-minute downtrend line.
Simply put: The former, more aggressive strategy results in a more favorable entry price albeit with an increased rate of failure (being stopped out) on the trade while the latter, more conventional option provides a higher chance of success but a less favorable entry price. Your call but it does not have to be an “all or none” decision as one could scale in with partial positions here, adding on the breakouts.

]]> By: FrancisQ https://rightsideofthechart.com/gold-gdx-euro-us-dollar-analysis-2/#comment-11834 Tue, 02 Oct 2018 13:58:13 +0000 https://rightsideofthechart.com/?p=188147#comment-11834 Impatient by nature, i’m itchy to add more gold positions. Should i wait for a pullback?

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