RE: GOLD - HUGELY BULLISH - BROKE LONG TERM DOWNTREND AND SURVIVED RETEST OF SUPPORT

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GOLD - HUGELY BULLISH - BROKE LONG TERM DOWNTREND AND SURVIVED RETEST OF SUPPORT

in gold •  7 years ago 

What I've learnt from tech analysis is that nobody knows what will happen. In this case options let you not to guess, but use strategy with known P/L profile

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  ·  7 years ago (edited)

I would not put this up if it were a guess. this is a MASSIVE technical event (if gold stays at or above this level for the next few days). a break of a long term down trend with a re test of the line is very strong sign that the down trend has been broken and a lot of traders will be watching this now for a bullish move.... I do agree that if you have studied options well, they are great and they allow you to hedge your risk much better than most products.