Gold

gold - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...6DjufyRRpi6LcOARI%3D

i think while below 1920....a possible drop to 1750 area imvho...

short term bearish on Gold....it should make new highs....as this consolidation looks like a bull flag imho.

atb, wdik,dyor,
trendfriend

Could this prediction play out:

chartsview.co.uk/indices-markets/234-gold/reply/16433#16426

Bloomberg did a good article on this view today:

www.bloomberg.com/news/articles/2020-03-...-2008-all-over-again

its still battling with the 200ema....a finish below is needed for lower prices

Gold has broken the 200ema and recently back tested the trend line.
looks like going down big time

Gold getting smashed (again).

Could be more unwinding, for people to free up some cash perhaps?

Now, this isn't strictly Technical Analysis, but we might have seen this before during the 2007-2009 financial crisis, where gold did rise, then fall, then rise again.... (I've attached a monthly chart - with the arrows to help better describe what I'm seeing - which could be completely wrong of course!)

I think IG is probably one of the better company to use imvho...
As it's financially strong and your Monet deposited is safe....

However these are tough markets to trade....and very high risk...
So in my humble opinion its important to be sensible, with position size and trade management...
if one's trade is the size of the pot....that imvho...is not a trade but a gamble...and just hoping...and not righ...but as always wdik...

i think Cash would be far better invested in stocks towards the end of the dip...and held mid/long term...much lower risk and more chance of making a good profit...

Just my 2 cents...some of the wiser guys here...may well see it differently...but good luck with whatever you trade

atb,
trendfriend