NOTE: I am Not a professional trader and i am NOT giving out advice, i am an evil mastermind trying to make some money by trading online to build a hideout on a volcanic island, and get followers to support me to build a Master Control room. This is my story.
Take the money and run
Is my strategy, at least for now. I have taken a look of the charts again and decided to SELL my higher leveraged package, i still have package with lover leverage, what i tend to keep for a while. So why did i sell? I think the 1535$ is a key value and this is why:
Chart from Goldprice.org
I have drawn some blue lines what i believe to be the trend and i think if we fall below 1525$ we will not stop until 1500$ and i cant take that risk. Gold prices climaxed lately so i think smaller drop will occure, long term i am definitely bullish, but i think we are in for a wild ride and high violitility, i think everyone should choose a leverage according to hes comfort level.
I will have my eyes open, when to move back in, with the higher leveraged package.
Do you own gold or silver?
Have you ever thought trading on Forex market?
Did you like the movie Goldfinger?