I have followers who followed using my trend line strategy and has made some good profits on the stocks and currencies. However, some are affected by the number of posts they read here on TV about buying Gold and asked for my opinion.
My answer - let the chart tells you the answer.
Has it breaks out of the bearish trend line yet ?
No
Can we then buy at the support line at 1797 ?
Sure if you understand the risk rewards ratio involved.
It is that simple , no need to complicate things.
Of course how long you intend to hold this asset also plays a part.
My answer - let the chart tells you the answer.
Has it breaks out of the bearish trend line yet ?
No
Can we then buy at the support line at 1797 ?
Sure if you understand the risk rewards ratio involved.
It is that simple , no need to complicate things.
Of course how long you intend to hold this asset also plays a part.
Note
new support at 1772 now. still not buying.....Note
am still waiting......no hurryNote
The short sellers are laughing to the bank.......for now
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.