What Factors Move Gold Prices

[hitesh.trade]

Dear Friends,

I wanted to ask what factors lead to fluctuation in Gold Prices and is Gold Prices move according to changes in the price of US Dollar. What are most important factors that lead to a major fluctuation in gold prices.

Regards,

Hitesh.

 

[anandorbit]

for now trade in gold mini (nov) and be positive .. daily make your entry with Entry Point =pvs day's (closing+high+low)/3 as a entry point. EP-100 go long1,EP-200 go long 2,EP-300 go long 3, stay in business... go for shotrs for every opportunity... daily make a EP, balance and avg it with your shorted orders and trade.. you will have a definite profit, and i find gold some where in 22000/- by nov 2010.

 

[hyraj]

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anandorbit
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Re: What Factors Move Gold Prices

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for now trade in gold mini (nov) and be positive .. daily make your entry with Entry Point =pvs day's (closing+high+low)/3 as a entry point. EP-100 go long1,EP-200 go long 2,EP-300 go long 3, stay in business... go for shotrs for every opportunity... daily make a EP, balance and avg it with your shorted orders and trade.. you will have a definite profit, and i find gold some where in 22000/- by nov 2010.

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will u clarify it clearly..........?
EP=(H+L+C)/3
i cud not understand
EP-100 Go Long1
EP-200 Go Long2
EP-300 Go Long3
Does it mean i have to enter in the trade for long1 when the price reaches to "EP minus 100"?

 

[Rbhat]

Dear Friends,

I wanted to ask what factors lead to fluctuation in Gold Prices and is Gold Prices move according to changes in the price of US Dollar. What are most important factors that lead to a major fluctuation in gold prices.

Regards,

Hitesh.

Gold , silver and all base metal , crudeoil have an inverse relation to dollar index ie when dollar index goes up they all tend to move down and vice versa. On 3rd nov 2010 at 11.45 pm IST there is fed meeting regarding stimulus package for the USA economy and if the same is favorable dollar index might go up taking gold on the downward journey. Better to avoid trades till the out come is known.