short now...you agree?honestly more pessimism could drive price even higher...you agree?
Gold Futures HIT TOP...time to short
- Thread starter increasenow
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Do you have any reason other than a "feeling" that it's too high in your opinion?
I have my own opinion, as well as a short position in Gold.
But I have a few reasons, all technical, for my position. That way it's easier to know when/if I am wrong.
The last indicator to break down and make you sell/cover is the gut feeling indicator. But by then it's usualy too late.
more trouble in the banking sector coupled with more rate cuts will drive gold higher
Kind of a funny-looking rising wedge going on here. Climbing a wall of worry...a 30-50$ short term slump would not surprise me.
Im not sure you want to short gold until it explodes like the rest of commodities. Wait until it looks like a wheat chart.