Who's looking to Short GOLD???

planning to short GOLD @1025, yes, stop 1055, target 875. I have the sensation this is only a fake move above 1000 and that the bigs will milk naif traders bringing gold to a small collapse before pushing it to the 1200 range.
 
sure, I agree with you, I will go long once the panic selling will be over. I simply don't believe that the great moment for gold to leave behind the 3 digits for ethernity has already arrived. I am expecting one more pullback before the great leap forward. Just my hunch, I have nothing to prove it.
Anyway when I short sacred cows like gold I take a very light position.
 
Anyone know what the big Gold ETFs are in the UK (in Sterling)? There are a few of them but can't seem to find out which most people use.
 
borsellino said:
planning to short GOLD @1025, yes, stop 1055, target 875. I have the sensation this is only a fake move above 1000 and that the bigs will milk naif traders bringing gold to a small collapse before pushing it to the 1200 range.
Click to expand...

Hi.

Any particular reason why you want to sell at 1025? I suppose your talking about spot?



Andy
 
Good luck on Gold. I believe we will be taking out 1032 in the cash in the not too distant future.

I would expect a pullback first though with 990 being the first obvious area to look for longs.
 
i think NZDUSD is in for a rather large drop.

i don't know about gold, is there any way to get ags charts on MT4?
 
Nope, not yet, agree with TD, looks to be heading up to test 1032 high from 21st March, nothing to encourage me to go against the trend, still well above an ascending 100sma, so its a no goer for shorting for me
 
trader_dante said:
Good luck on Gold. I believe we will be taking out 1032 in the cash in the not too distant future.

I would expect a pullback first though with 990 being the first obvious area to look for longs.
Click to expand...

Didn't quite get our $990 pullback with market selling off too $992 on two seperate instances (hourly TF) and from there starting a $10 and $9 rally respectively.

While the path of least resistance is most certainly upwards, latecomers to the party should be very careful here as we are appearing to struggle and making marginally lower highs on the hourly.

Still looking for longs but there is a huge pin bar on the daily TF. A lot of people will see that and note the double top and come in on the sell side (particularly if a break of the low triggers) so I'd stand aside and wait for it to break and try and catch them offisde, trying longs at $986 and again at $980 if it squeezes that low.
 
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Hey guys, Bank of America-M. Lynch/Chief Analyst was on Bloomberg yesterday and confirm they are expecting 1300/1500 by end of 2009. Having learned the lessons I am already going SHORT @ 1010 by buying GLDVQ (GLD PUT 95 OCT) for no more than $ 150... Thus trusting Mister Cacca and following his CACCATRADINGBLOG

Good Luck and have fun
 
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