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

[sujithsstorock]

suji... went down and back up..

exit shorts ..! if 890 crossed above

 

[bhesania]

0okie thanks

 

[d-lod]

buying time

 

[sujithsstorock]

buy gold at 888.7 $ stoploss 884.8 $ tgt 890-892-894-896-898 $

 

[Sprawl123]

buy gold at 888.7 $ stoploss 884.8 $ tgt 890-892-894-896-898 $

sujith what do u see thats making u bullish?

 

[yvij]

buy gold at 888.7 $ stoploss 884.8 $ tgt 890-892-894-896-898 $

Stopped out again!

 

[sujithsstorock]

buy gold at 888.7 $ stoploss 884.8 $ tgt 890-892-894-896-898 $

stop hit


not doing good today .

 

[yvij]

stop hit


not doing good today .

Reentered at 886.2 and placed stop at 883.2.

Dont worry overall gain is more.

 

[Sprawl123]

i think today is pretty pivotal, gold has been rejected too often above 900 now, so if it doesnt manage to close even close to it, sujith bear counts looks in play, possibly 830 over next few days

 

[rodin]

I agree with your dow rally predcition, but cannot see the falling wedge u speak of

Gold

DOW

edit

DOW wedge baseline goes back further

so similar

 

[Sprawl123]

Rodin:

does this mean u expect both to rally?

U expect gold to first move down to 790, therefore do u expect also much lower dow before the rally?

I was expecting the Dow rally to occur very soon, dont expect us to see much (if any) lower prices than today...

 

[rodin]

does this mean u expect both to rally?

U expect gold to first move down to 790, therefore do u expect also much lower dow before the rally?

I was expecting the Dow rally to occur very soon, dont expect us to see much (if any) lower prices than today...

Gold and DOW to reverse soon I think. Time for DOW rally now. What news coming this week?

 

[Sprawl123]

Gold and DOW to reverse soon I think. Time for DOW rally now. What news coming this week?

the main news is today, ie bernanke testfying to arrnage the bailout.
should go through
and we already had dow touch the large downtrend channel last week, and vix is close to highs (since aug07 anyway).

ur 3 peaks +domed house looking like a likely scenario, let the dow rally, confidence come back, vix tank , maybe dow =12k, then time to buy naked low delta puts for cheap!

 

[rodin]

My short hedge silver is now up to 40%

...note MACD -ve div

Options expire tomorrow

double top alert (almost)

 

[Sprawl123]

sold gold 885.

eur failed to hold, crude now tanking
and gold last thurs failed to hold 900, then monday it held only to puke tuesday, and today we have agin failed.
lookling for lower levels next 2 days

bounces feel like weak longs trying to buy any dip they see, reminds me of price action last time we were at 970

EDIT
but be warned ..... i am wrong 9/10 times !!!

 

[rodin]

the main news is today, ie bernanke testfying to arrnage the bailout.
should go through
and we already had dow touch the large downtrend channel last week, and vix is close to highs (since aug07 anyway).

ur 3 peaks +domed house looking like a likely scenario, let the dow rally, confidence come back, vix tank , maybe dow =12k, then time to buy naked low delta puts for cheap!

DOW to higher than 12K I think

 

[Sprawl123]

DOW to higher than 12K I think

really? wow... do u expect a break of the weekly channel?

 

[rodin]

really? wow... do u expect a break of the weekly channel?

I don't know but there will be a mass of stoploss orders just above it

 

[doberman]

is that a pin bar on the 1h

 

[Sprawl123]

is that a pin bar on the 1h

what is pin bar? like a doji? (ie open=close)

what is significance?
from what ive seen hr candles arent very useful, only hr trendlines, 4h candles are much better