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

[Wideboy]

Short @ 832, stop 837, target 818->809

 

[Wideboy]

Stopped out -5

Note to self: Stick to plan, ignore what others say

 

[pikemaster]

dollar really weak, pushing commodities up.Obvious really but not easy to predict lol

 

[wibblewibblewibble]

Wideboy, I think you're probably right wanting to be short but 837 was a previous high wasn't it? Still can't see screens, but this scruffy post-it note in my pocket suggests this is a good level to take off my long from this morning and turn it around....

 

[unniak]

any reason for oil rise ?

 

[wibblewibblewibble]

Right, watch it go up another 20 points and take all my profits back...
I'm now short

 

[Sprawl123]

not sure who here watches fx, but usdjpy may make a double top, need to wait and see where it closes.

if so, then its going to 106 minimum.
just thought i should point this out, as it signals risk-aversion, so we may get more safe haven buying in gold too

 

[sujithsstorock]

USD closing the gaps .

Gold gone up a bit too up.Not good at all.

 

[Wideboy]

Wideboy, I think you're probably right wanting to be short but 837 was a previous high wasn't it? Still can't see screens, but this scruffy post-it note in my pocket suggests this is a good level to take off my long from this morning and turn it around....

Yes you're right, slightly miscalculated the stop level. Should have had it at around 838/9 to be safe

 

[pikemaster]

so you are saying oil will fall to 106, and that you should therefore buy gold....mmmmm

 

[sujithsstorock]

No more resistance above 838 $ till 845 $ !.

 

[pikemaster]

in that case why has it gone to 841 and then fallen?

 

[sujithsstorock]

in that case why has it gone to 841 and then fallen?

it just made a new resistance. Lol


any one knowing of any gap left in 840's region ?

 

[sujithsstorock]

I was refering to spot gold price.

And kitco showing a high of 838 $ i guess. Was there any spike ?

 

[Sprawl123]

so you are saying oil will fall to 106, and that you should therefore buy gold....mmmmm

are you referring to my point?
that was usdjpy, not oil

 

[yvij]

High of today 839.95 with IG Index

 

[sujithsstorock]

High of today 839.95 with IG Index

thanks

 

[pikemaster]

yep sorry i was referring to the october price, finspreads dont trade spot. the monthly is generally a point or 2 higher

 

[bhesania]

thanks

what do u think now..? one should short with a stop above 855 and look for less than 800 as a target... i talkin abt MT

 

[sujithsstorock]

what do u think now..? one should short with a stop above 855 and look for less than 800 as a target... i talkin abt MT

yes !. You can. But if you can keep stoploss at 867 $, that would be good