Fundamentals won’t tell you at what price level to enter a trade at."
Dayton, OH (PRWEB) June 21, 2013
As gold has recently made a two and a half year low, according to Fox Business News, many traders and investors, whom have missed the decade long rise gold, are looking to participate now. As a service to the trading community, Eric Harbor, CEO, CaesarTrade FX-CFD has presented price levels that can assist the new, as well as experienced, trader and investor in purchasing gold through its writings on ForexMinute.
The price levels are based on retracement areas that are widely used but seldom practiced on longer term time frames. The price retracements are 50%, 61.8%, and 38.2%. Normally, these significant levels will experience volatility as the market will increase in activity. Since the information and charting is publicly available, there is no room to be skeptical as anyone can test to see the accuracy of this form of analysis.
“While fundamentals helps provide a picture, so a trader can be either positive or negative gold,” states Eric Harbor. “It won’t tell you at what price level to enter a trade at. What I did in our most recent posting, is to provide that particular data point.”
Eric runs a boutique online Forex brokerage that strives to provide personal experience for each of its traders through its daily emails about Forex and CFD related items in an engaging manner for the purpose of focusing traders through the overwhelming information available.
Eric is available for interview and can contribute to a variety of subjects related to the currency and commodity markets, but also –simply- to how traders and investors engage the markets in both a smart and stupid manner. If you haven’t reviewed his press releases, they have been both entertaining and correct as where the markets were heading. For a full review of his press releases, please go to PRWeb where you will be pleasantly surprised.
He can be reached at: +1-937-581-4244. To sign up for his daily mailing list, please go: http://www.caesartrade.com.