Gold Takes Out 200DMA...The Other Way - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Gold Takes Out 200DMA...The Other Way
Started:December 20th, 2011 (09:10 PM) by Quick Summary Views / Replies:142 / 0
Last Reply:December 20th, 2011 (09:10 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Gold Takes Out 200DMA...The Other Way

Old December 20th, 2011, 09:10 PM   #1 (permalink)
Quick Summary
Gold Takes Out 200DMA...The Other Way

"Gold again proves it is not the safe haven many had hoped for, breaking the 200-day moving average, the first time since 2009 and signaling that prices may drop to US$1400/ounce." So begins a post by a "market strategist" from Roubini Global Economics as of less than a week ago. Well, since as the chart below shows gold just took out the 200-DMA, this time in the opposite direction upside, having proven the recent drop was nothing but a buying opportunity as was suggested by the non-Ph.D. community, we assume that using the author's logic, gold has proven that it is in fact a safe haven, and that since it is not going to $1400 it can only go to infinity.... Or is that us taking liberties with our lack of an economics Ph.D. a little too far?

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Gold just took out the 200DMA (green dotted line).

Chart: Bloomberg

More on ZeroHedge...

Reply to share your thoughts on this current event.


Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Gold Takes Out 200DMA...The Other Way

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Battle of the Bots - NinjaTrader Algorithmic Strategy Development Big Mike Elite Automated NinjaTrader Trading 2303 May 1st, 2015 09:05 AM
morning start up takes forever wldman Traders Hideout 13 October 15th, 2011 01:15 AM
2012 Corvette ZR1 Takes on Nurburgring BCNTrader Off-Topic 2 June 14th, 2011 02:08 AM
Goldman Takes Long View over Payouts Quick Summary News and Current Events 0 December 24th, 2010 10:30 AM
When GOP Takes Over House, Budget Battle Begins Quick Summary News and Current Events 0 December 18th, 2010 09:20 AM

All times are GMT -4. The time now is 05:04 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-22 in 0.08 seconds with 19 queries on phoenix via your IP