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

[sujithsstorock]

Buy gold at 926.5 $. Stoploss of 924.8 $. Target 928.2-930-931.7-933-935-940 $. Its risky. Safe stoploss is 914 $.

 

[Wideboy]

Buy gold at 926.5 $. Stoploss of 924.8 $. Target 928.2-930-931.7-933-935-940 $. Its risky. Safe stoploss is 914 $.

Like I said to you guys yesterday, this baby is going down. 935 has held nicely, so now watch 925, then if (when) 917 goes its going sub 900

 

[Wideboy]

There she blows

 

[sujithsstorock]

Like I said to you guys yesterday, this baby is going down. 935 has held nicely, so now watch 925, then if (when) 917 goes its going sub 900

great view

gold should be closing above 925 $ to keep bulls alive.And hopeful for that

 

[yvij]

Hi all,

If FEd raises interest rates on AUG 5th will gold fall?

I think GOLD is starting to turn bearish not sure if I should be holding long term.

What are your opinion's?

 

[sujithsstorock]

It won't be good if it break 928 below this time around. Hmmm. Don't buy there.Can't discard 917 $ if matters get worse.Stay out if 928 $ broken below.

aww . . . when i gave that buy call. No one reminded me of my own words lol.
well safe stoploss is 914 $ .So buying still holds on table.

 

[Wideboy]

I think the key levels here are 935 and 917.
A close above 925 I think will fool a lot of people into going long, only to get burnt, you heard it here first ...

 

[sujithsstorock]

Hi all,

If FEd raises interest rates on AUG 5th will gold fall?

I think GOLD is starting to turn bearish not sure if I should be holding long term.

What are your opinion's?

dollar will get strong if rate increased.Gold falls.But on august 4th gold would be at 940-950 $ range.And crude at 128 $.We will think about it on august 3rd .

 

[yvij]

dollar will get strong if rate increased.Gold falls.But on august 4th gold would be at 940-950 $ range.And crude at 128 $.We will think about it on august 3rd .

Thanks S Rock

 

[CrashGuard]

Looks like it was a roll over, i see people switched over from aug to oct and dec futures.

 

[yvij]

If FED increase rate to 3.00 will this create a huge drop in GOLD price; i.e do you see gold heading towards 850?

The reason I ask is that Ive been buying up gold for long term and my average is 960 so currently looking at potential loss of £25,000!!! I hoping I will have a shot at getting out on a spike.

 

[welshandy1]

Scarey stuff Yvij... good luck with that.

 

[sujithsstorock]

If FED increase rate to 3.00 will this create a huge drop in GOLD price; i.e do you see gold heading towards 850?

The reason I ask is that Ive been buying up gold for long term and my average is 960 so currently looking at potential loss of £25,000!!! I hoping I will have a shot at getting out on a spike.

o o o o o . Ok long term view ,gold should touch 940-950 $ region.
Then its all upto data's of that time.2 possibilites there after

1)If data's go against, (as elliote wave suggests) a 5th big wave downward starts towards 900-870 $

2)war . . Or any data comes in favour, gold breaks 965 $ and its all party for you

on an ending note of optimisum . . . Next year by december you will witness gold standing around 1300-1500 range. And crude could be 300 $ by year 2013.So . . Start saving today .

 

[yvij]

Thanks S Rock for your sound advice.

What data do I need to keep a watch on and at what time frames/dates will these be released?

I guess I should just close out my position by the 4th Aug as looks like FED will increase rates.

 

[sujithsstorock]

Datas were refered as over all market sentiments and situation.News,numbers . . Anything.Its day to day stuff.

Go and bomb anyone of nigerian pipeline, you will get your price lol.Such data we need.

 

[sujithsstorock]

Gold slow and stead coming up.Crude 125 $ holds resistance.

 

[sujithsstorock]

Buy gold at 926.5 $. Stoploss of 924.8 $. Target 928.2-930-931.7-933-935-940 $. Its risky. Safe stoploss is 914 $.

those who holded safe stoploss , 930 $ was hit. Profit 3.5 $.

Today over all 12 $ earned .

 

[sujithsstorock]

When crude was staying at 123.8 $ for more than 5 minutes, gold broke off from 924 $ and rallied to 927 $. That indicates that,crude gonna fire up. Sometimes gold leads too . Just a tip to those ignorants.I know all here are diamonds cut out of stone

 

[Mr.J-Arthur]

Yvij-I thought losing $200 was a bad loss...Wow, good luck to you. Surely we'll see 960 again, but I don't know when?

But have you heard of the trading rule, "Cut your losing trades short"? You gotta be able to withstand a few hits of 1%-4% loss on a trade, but no more than that. Eventually we'll be in a bull run in the future, and you need capitol to trade the good stuff. God man...I bet you're drinking by now! I would be!

If you're new to trading try trading 1 mini contract at a time.
The good trades will come along, then you bet more. but you should take it slow, 25k isn't pocket change in my world.

 

[sujithsstorock]

Anyone sensing a possible 880 $ this week ? Starting from wednesday. Suggestion please, with your technical logic.