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Online Share Trading

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Re: Not so gold bullish anymore

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Not applicable
Thanks to the half-hearted bailout package gold seems to have broken up from its descending channel - if it can stay above $935. It was good times riding Harmony from R65 to R90 recently. Might just be time to get back in.
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2 REPLIES 2
Regular Contributor
Is it too late to jump onto the gold train today? If not, which share(s)is recommended by the gold experts?
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Not applicable
Trend is already established, so I'd recommend buying on a bounce off the 13 EMA. Price in an uptrend usually runs up to the bollinger and pulls back to the 13/22 day EMA, so make that your play. Keep your stop just below the 22 day EMA, so its not a good idea buying if the price has departed too far from the EMA. (Bigger amount risked) With gold stocks watch the gold price even more carefully than the stock itself - if gold suddenly drops too much, sell.
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