Spot gold bounce back by 8 dollars
gold price rise back by 8 dollars to about $560. The 25 years high has been $574.
Today the day low has gone below $550.
The rally has been too quick and need some adjustment. It comes fast, drops fast, and pick up the rally again fast. It is really not easy to get profit from gold day trading.
If you trade gold future yesterday, you would probably loss everything for your contact because of the level effect. One contract is about HKD 22000 and yesterday it simply drops US20 to make you loss 22K. Then all your money is gone in a single day !
Always be patient, and do long term investment. The gold surge should last for several years.
Stay close at gold price, and watch how it rocks !!
Today the day low has gone below $550.
The rally has been too quick and need some adjustment. It comes fast, drops fast, and pick up the rally again fast. It is really not easy to get profit from gold day trading.
If you trade gold future yesterday, you would probably loss everything for your contact because of the level effect. One contract is about HKD 22000 and yesterday it simply drops US20 to make you loss 22K. Then all your money is gone in a single day !
Always be patient, and do long term investment. The gold surge should last for several years.
Stay close at gold price, and watch how it rocks !!
posted by SSY | 8:00 AM
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