Gold calls.Long term -medium term and intraday calls in gold is here !.

[alibaba2]

all euro reports came out good "french-italian " ,next in line is the german factory orders at 10am gmt and it's supposed to be much much better than last month , i guess pog will stay high till the decision on the gbp and euro interest rate comes out.

 

[yvij]

make it 798 $. Can go for it

Was long and sold 811! +$9 :clap:

 

[TrentT]

Was long and sold 811! +$9 :clap:

Congrats! - And now it powers on up more! But you have to make a decision.

I find exit point very difficult - I suppose trail stop is the way. But $9 - good enough!

 

[TrentT]

all euro reports came out good "french-italian " ,next in line is the german factory orders at 10am gmt and it's supposed to be much much better than last month , i guess pog will stay high till the decision on the gbp and euro interest rate comes out.

GBP expected to hold - no change. That's why it's up now.

 

[sujithsstorock]

Was long and sold 811! +$9 :clap:

am happy for you

 

[yvij]

Congrats! - And now it powers on up more! But you have to make a decision.

I find exit point very difficult - I suppose trail stop is the way. But $9 - good enough!

Yes decision has too be made when to take profit. In past I use to taget higher gains but ended up with losses.

Like SRock says its a ocean out there so be happy with small consistant gains!

 

[Sprawl123]

btw the bearish 4h chart triangle is now more likely to actually be a rising channel....

 

[yvij]

am happy for you

Thanks SRock. I was watching price movement last night and it was consolidating above 800 so I took it as buy signal with tight stop and slowly raised stop once in profit.

No more losses, my focus is more on risk adversion.

I would like to re-enter gold in a long position with slightly higher stake say £50.

I'm looking at hourly chart and waiting for cross above 200 ma which I think is above 820.

What are your views?

Thanks

 

[Wideboy]

Morning all

Buy here (811) , stop 804 or 808 if you wanna risk being stopped out;
targets 818,821,823,828...

 

[rafeel]

hey sujit > long from 792 and 806 > where do you see market going ? exit for profit or wait for more

 

[yvij]

Morning all

Buy here (811) , stop 804 or 808 if you wanna risk being stopped out;
targets 818,821,823,828...

Hi,

I have taken your advise and have entered as per your call.

Wide stop, will you raise this once price moves in your favour?

Thanks

 

[Wideboy]

Hi,

I have taken your advise and have entered as per your call.

Wide stop, will you raise this once price moves in your favour?

Thanks

Yep once we hit first target then raise stop to breakeven.

 

[yvij]

Yep once we hit first target then raise stop to breakeven.

Cool thanks for tip.

 

[sujithsstorock]

Can sell gold. Stoploss 815 $. Target 802-797 . Current price 810 $

 

[sujithsstorock]

Update stoploss to 813.2 $

 

[Sprawl123]

808 is the good support line, wideboy u r right.

just bought some here, and also have stop 804 (just below bottom of HR 7am GMT)

 

[Wideboy]

Ok current price 806, it really should bounce from here.
If not we are looking at 792 sooner or later

 

[Sprawl123]

Update stoploss to 813.2 $

sujith why u bearish?
did it fail a particular line, or are u looking at eur?

 

[yvij]

Wideboy I reversed my position and now short.

Took small loss of $2.65.

In short at 808.9.

 

[sujithsstorock]

Now 807.5 $. Safe traders can book profit partially. As 807 $ is a support. If support broken , then hold