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

[sujithsstorock]

Let me add one more thing.Copper is standing on a huge support.In indian commodity market it is standing at 310 which happens to be a very big support for copper.I know no one out there would believe that copper and gold has any sort of relation.But i personally do believe there is some invisible factor or link between these both.

Copper is at 310 (indian market rate). A big support.

Crude at 115.05 $ a support

gold at 856 $ above a horizontal line support of 855 $ and above a big physicological support of 850 $.

So here is what i mean,if anyone of these metals bounces up on monday. Others will follow suit.I think gold will be the one giving a relief rally up,followed by crude n then copper.

Nutshell is 'did we just bottomed out on friday ?'

 

[atrim]

So will you wait for some form of confirmation or go long early?

 

[sujithsstorock]

I know my stoploss.Its 845 $.If one can take this much risk,can go long.

How to confirm ?
I recon there can be a double bottom at fridays low.

 

[sujithsstorock]

So will you wait for some form of confirmation or go long early?

i give 90 % to a bottom between 840-850 $.

Till august end i believe gold will consolidate between 860$-910 $.

 

[alnthmsn]

Very bearish candle set-up on the weekly. However, currently extremely oversold on weekly CCI and in reversal territory on daily CCI. Would expect upward correction imminent though still bearish longer term. Interesting to see how situation re Russia/Georgia plays out with oil - pipeline disruption a possibility. If oil rockets expect gold to follow as a "safe haven" in uncertain times. Could be an interesting and volatile start to the week!

 

[sujithsstorock]

Music for my ears

 

[sujithsstorock]

risky buy gold around 855 $ stoploss 849.8 $ tgt 858.8-860.5-863-864.8-869.5-870.8 $

 

[atrim]

Do I see EUR USD already dropped 70+ points in last hour or so?

 

[Sprawl123]

yep. low 1.4906 is what i see...

 

[doberman]

On the daily next support 1.48
or below with a on going war on eur borders
what is oil on my finspreads account it
for some reason has not opened

 

[atrim]

Crude opened up 60 points which is typical as I closed my losing short Friday evenng.

 

[atrim]

Crude opened up 60 points which is typical as I closed my losing short Friday evenng.

I meant losing LONG obviously!

 

[doberman]

Bit surprise oil only up to the 116.53

 

[atrim]

Where were you expecting?

 

[sujithsstorock]

risky buy gold around 855 $ stoploss 849.8 $ tgt 858.8-860.5-863-864.8-869.5-870.8 $

2nd target met

 

[doberman]

THe 118+ a loss of 1mill barreles a day with this war
Long on gold at 861.6 looks if it going the wrong way think i should bail out?

 

[sujithsstorock]

Again wrong entry doberman.Hold with low as stoploss.You can get your price if stop not hit.

 

[sujithsstorock]

I need to doze off.Good night guys.Just came to check price.

 

[doberman]

Stoped out 23 losing trades in a row must be some kind of record
This puts my weeks losses at 5.7k dont want to count now but
at a loss of over 40k to date.
When i frist started trading only 6 months a go i was making bewteen 3.5k to 7.5k a day
now i cant make a tener.
This is abc why does it keep going xyz
One thing i do get right is the very monment give or take 5 pips
it goes the other way i put in 30 pip stop loss and all ways hit
so i let it fall to what i think is the next support re enter and stop out again
re enter to be stoped out go the the other way and you guess it stop out
46 trades 5 small wins after.

 

[doberman]

If i could do the oposite to what doing i would be in big porfit