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

[mikeSG]

OOH OOH.. sell at 899.20. stop 902.

triple top in the 1-minute chart.

 

[sujithsstorock]

What will be the target price ?
920 ?

Suji,

Do you see 910 as a strong resistance where gold could turn?

tgts are not set well 905-909-913-919 can be counted. actually there happens to be no resistance in vicinity.

trail stops. thts my suggestion

 

[sujithsstorock]

make entry at 902.2 $

 

[N2Metal]

Suji, thanks for your quick feedback. You must have just gotten out of class.

 

[ejtrader]

when u trail stop, do u offset all your positions, or just partial?

 

[55mph]

OOH OOH.. sell at 899.20. stop 902.

triple top in the 1-minute chart.

but we are getting higher lows and higher highs.

 

[maybedinero]

Not sure I see much in the triple top - it seems to me to represent resistance at the $900 mark. I reckon at some point its going to break through that ceiling and start moving towards $910.

 

[maybedinero]

One of the big problems I have with technical analysis is coming to the fore here - its so subjective on what time interval you are using to generate your charts.

On the 5min chart, the higher lows and higher highs that 55mph mentions are glaringly obvious, but not on the 1min chart.

 

[mikeSG]

yup. the unfortunate reality to TA.

sell again under 897. i think.

 

[55mph]

i'm using the 3 min chart so i don't get kicked off the trend prematurely

 

[thod00]

I am short at 899. I think we are close to the top, targeting below 860.

 

[55mph]

oil's up 4% not bad!

 

[maybedinero]

I'm inclined to take all TA with a big pinch of salt. The fundamentals say gold should be rising, so I'm still going long and betting on that breakthrough upwards $900.

 

[55mph]

here's comes a dump.

 

[maybedinero]

Didn't think much of that.

 

[55mph]

I am short at 899. I think we are close to the top, targeting below 860.

so far, you are in perfect alignment. 860 though?

 

[55mph]

another shallow retracement

 

[55mph]

geez, 900 is a real tease!

 

[sujithsstorock]

geez, 900 is a real tease!

it sure is ..am sitting for my buy to get...its just nail biting stuff.

 

[55mph]

901.70 we're getting close