what if investment stuck in gold

[WR1]

Technically, the price for any instrument can't even be in a real uptrend until above the Daily 200EMA
basic price action stuff

so no one should even think of buying and holding until it is above the D200
there's a few other basic criteria also - but folks will have to read the charts for those

 

[new_trader]

I can't believe people are stupid enough to believe that the U.S debt crisis pantomime should be bullish for gold. I never complain about buying opportunities.

 

[spinola]

hmmm yes, personally I ignore news, rumours, gossip, analysts, economists , financial journalists all of it.

A chart shows market intent on it's own. Plenty of people hoping for a pop in gold , but therein lies a flaw of a belief bias or expectancy .

That said, a market needs people with wedded beliefs, ideally to hang on for dear life to a long trade in a short market.

 

[Mr. Crabs]

The markets is always right, It don't matter what I think.

The market is short gold.

I can't argue with a statement like that.

But I don't think gold will stay down here for too long. China isn't going to want their enormous position to lose value IMO so big money will scoop up down here and turn the atmosphere to wild bullish.