The poor quarterly of AngloGold (http://www.bloomberg.com/news/2013-...and-suspends-dividend-as-bullion-tumbles.html) tells us something very important. Below the level of 900 the company will be forced to suspend the extraction of gold: is it going to be the support key for XAU?
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AUD/USD and Gold
- Thread starter reach3
- Start date
Quote from elisab:
Correct. The situation of the Aussie was perfect according to the contrarian to enter long. The graph shows what happens when the short Aud of the hedge fund is too high ..
I would say positioning is not sentiment though somewhat correlated. Still don't think that is what caused it. All hindsight indeed.
I did not need to see that graph to go long A$
Quote from contra:
I would say positioning is not sentiment though somewhat correlated. Still don't think that is what caused it. All hindsight indeed.
I did not need to see that graph to go long A$
I think that the behavioral analysis is as valid as the technical one, and knowing that all speculators are on the same side is worth more than any other oversold oscillator.
Quote from elisab:
I think that the behavioral analysis is as valid as the technical one, and knowing that all speculators are on the same side is worth more than any other oversold oscillator.
why not going step further and say technical indicators try to detect positioning at the time, same as behaviorial analysis.
whoever has better information who and what ==>> WINS.
Quote from toolazy:
why not going step further and say technical indicators try to detect positioning at the time, same as behaviorial analysis.
whoever has better information who and what ==>> WINS.
Trading is exclusively a game of probabilities. We must commit ourselves to seek the right information, but we are still talking of probabilities...