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

[rodin]

Hi people I was out for a bit. Jest taking stock yes UK charting F****d on the most dranaitic day in the markets. Anyone believe in coincidences?

You know i was gonna post on the falling wedge on daily gold but got distracted. Will dig out the MM and edit this post

edit

just about 900 is the wedge target mabbe a little more

the last wedge from the high eventually fulfilled (within $10) but not straight up. More later

 

[francisfinley]

thanks mate! yeh was really worried last week i almost had to cut my losses and take the hit! but suji gave me good advice

reign those stop losses in young man don't do it again!!!!!


anyway you got back!!!

peace

 

[rodin]

whats the overall view sujith / rodin?

we have confirmed an uptrend ?
and looking to buy at 845? or u still holding out for 790?

has to be 845 until further notice

 

[b_p4tel]

any one got any strategy for gold say Mid Term....say for a week or so...

 

[rodin]

873.5 tight sell and stop

 

[rodin]

When does Asia kick in? Gold static now

 

[b_p4tel]

When does Asia kick in? Gold static now

i think its about 12..GMT

 

[yvij]

Well I closed on that double bounce at 869. I made 52.2 points

Hey well done buddy!

No loss and profit after all that, excellent!

 

[Sprawl123]

873.5 tight sell and stop

i see 885 as decent res at the mom.... its on the lower line of the large triangle formed from march - july that we broke below on aug, would expect a failure first time round there.

also just saw the daily falling wedge u talking about. note that the height of wedge indicates the breakout should go to around 885 too...

 

[yvij]

Im hoping I'll be able to exit this short!

I think gold will test the 200 MA on daily chart at 900.

Would be a good buy if close above or good short if stays below 900.

 

[rodin]

i think its about 12..GMT

That must be now? Just booked £100 shorting $5

Also silver is still climbing :clap:

 

[rodin]

Im hoping I'll be able to exit this short!

I think gold will test the 200 MA on daily chart at 900.

Would be a good buy if close above or good short if stays below 900.

900 interesting target also about MM from falling wedge daily. What direction is 200 moving in up down or flat?

 

[rodin]

i see 885 as decent res at the mom.... its on the lower line of the large triangle formed from march - july that we broke below on aug, would expect a failure first time round there.

also just saw the daily falling wedge u talking about. note that the height of wedge indicates the breakout should go to around 885 too...

yes I see that too mabbe 888 (very occult)

 

[yvij]

900 interesting target also about MM from falling wedge daily. What direction is 200 moving in up down or flat?

Pointing down, what does this indicate?

 

[bbillcee]

hey boys ....what the trade !?

by the way this is the most ridiculous thing ive seen...

 

[rodin]

Pointing down, what does this indicate?

Down means dropping and if it is to roughly coincide with wedge MM means a hit soon mabbe tomorrow. Of course a cross will eventually pull it up

 

[rodin]

hey boys ....what the trade !?

by the way this is the most ridiculous thing ive seen...

Oil:Gold is correcting

Silver:Gold long ways to go

Safe trade might be buy silverl. Short trade scalp gold shorts. a few entries suggested last couple pages

 

[yvij]

Down means dropping and if it is to roughly coincide with wedge MM means a hit soon mabbe tomorrow. Of course a cross will eventually pull it up

Cool thanks for the insight.

I always find the 200 MA on daily charts the most robust indicator.

What indicators do you follow?

 

[mikeSG]

somtimes you miss the big moves, sometimes you get it.

this was probably the craziest move we have seen yet.

the hardest part to accept is that nothing else has moved with it -
USDX didn't. Neither did Oil.

But they might want to catch up. smart trades?

 

[bbillcee]

872 -886!!! hooray for me!:clap: