Have you hit a 30% profit % this week. With a few losses I have even with this crazy price movement. Aim for 30% and you’ll see $1mill in 6 months.
Where’s the price headed? Sometimes it’s tricky to tell. The hourly, 4hly and daily can be unclear BUT the weekly is always clear with good indicators. This helps you avoid over trading and misjudging the market. We are seeing some retraction at the present but it’s unclear how far. Maybe only a touch on the 5ma and then an attack on the 1240 or 200ma daily.
As a trader you need to see the trend and the top and the reversal. My indicators tell you this. You can choose to trade the top or sit out until the indicator tells you to re-enter.
Interest rates quoted in the markets are nominal, so one typically has to adjust them for inflation. Inflation determines the difference between nominal and real interest rates. Nominal interest rates are before taking inflation into account, while real rates are nominal rates adjusted for inflation. As there are several inflation indices (and many maturities), there are many measures of real interest rates. However, analysts often use yields on Treasury Inflation Protected Securities (TIPS), which are indexed to inflation (CPI) and their par value rises with inflation, as a proxy for real interest rates. Investors should remember that real interest rates are much more important for the gold market than changes in nominal interest rates, including the federal funds rate.
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