Gold to break 1300?

[Stormy42]

1300 maybe tested today?

Anyone's thoughts on breaking the 1300 level?

Looks like the big players are holding slightly more long position, that could soon change though!!

Cheers

Andy

 

[brewski1984]

I'm looking to buy at 1305 depending on price action

 

[EnlightenedJoe]

Short gold/usd @1298.216 x 15 units. No limits.

 

[brewski1984]

You're still getting rinsed on silver?

 

[Stormy42]

I'm looking to buy at 1305 depending on price action

Agreed, sounds sensible. In that situation short term could run to test 1350 ish. Would expect reasonable reversal at that level though. As you say, all depends on price action. Just sit back and watch I guess.

 

[EnlightenedJoe]

You're still getting rinsed on silver?

No. Still have it.

 

[brewski1984]

No. Still have it.

Yeah that's what I mean - losing = getting rinsed

 

[EnlightenedJoe]

Yeah that's what I mean - losing = getting rinsed

Ok then, they rinsed me. But I will rinse them back.

 

[brewski1984]

Ok then, they rinsed me. But I will rinse them back.

That's what every gambler says

 

[EnlightenedJoe]

That's what every gambler says

That's because gamblers don't know how to trade.

 

[brewski1984]

But you said it? So you're a gambler that doesn't know how to trade?

 

[EnlightenedJoe]

No I am not gambler. I am money extractor. Like extracting oil, it requires initial investment.

 

[brewski1984]

Agreed, sounds sensible. In that situation short term could run to test 1350 ish. Would expect reasonable reversal at that level though. As you say, all depends on price action. Just sit back and watch I guess.

Did you trade it or waiting?

 

[Stormy42]

Did you trade it or waiting?

Waiting for retrace - not too sure it's going to happen though, thought we would be back at 1303 by now with the swing up it just made. Will just hold fire for a while - which will probably be a mistake!

 

[Stormy42]

Traded in now, it cost me!

 

[Stormy42]

Waiting for retrace - not too sure it's going to happen though, thought we would be back at 1303 by now with the swing up it just made. Will just hold fire for a while - which will probably be a mistake!

Closed up above 8 period EMA for over 1 1/2 hrs now - on a bit of a charge! Any thoughts?

 

[brewski1984]

Won't do you any good listening to anyone else mate.

 

[Stormy42]

I'm looking at pulling the plug on this one for now, take a little profit, if its sets off again might jump back in.

 

[EnlightenedJoe]

Looks like the BS move in gold and silver is over.

 

[brewski1984]

Looks like the BS move in gold and silver is over.

#lolrinsed

When you gonna close silver and gold?