Movements in Gold – wide range swings to drop…..
Gold rise big in April and then dropped for the traders to buy during drop and later the traders holding buy positions liquidated when $850 was shown and turned short expecting $800 support to come.But Gold rise to 880 and 892 and holding high.Then the traders are tempted to short further and average their shorts.This way the traders are induced to do over trading and accumulate move unfavorable positions.Then the traders become panic and do short covering above $900 and turn long expecting $1000+ again relating the Gold market with forex and also crude.But to their surprise Gold is expected to drop big and gold below $830 after the rise to $906.Understand the operators’ strategies and then trade in commodity market.Since it is thin volume market the volatility will be high and averaging will not work as a good type of trade in that market.
Learn to trade and then trade- otherwise your learning will become a costly lesson.We can teach you provided you have the mind set to learn and understand .You can subscribe for Professional Trader training and then understand the market with the right perspective and trade at ease.
Regards
Dr.Sivaraman
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