damianoakley
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My indicators have turned Gold bullish as of 30th October.
But take that with a pinch of salt. Like I've said before - I'm a stock trader!
Just my ten pence worth.
Thanks
Damian
But take that with a pinch of salt. Like I've said before - I'm a stock trader!
Just my ten pence worth.
Thanks
Damian
I'm with you on this one Andy as despite my bullish bias on goldie .......... we have finally reached the big resistance level in high teens on dec contract which caused probs in past. However got into Durban Deep (aka DRD gold) yesterday so plenty pleased.
damianoakley
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Hi Andy,
I don't trade Gold, so can't really comment to be honest!
The bullish signal that's just occurred on my system for Gold is a long-term one, so that could mean your short is good for the short-term.
Thanks
Damian
I don't trade Gold, so can't really comment to be honest!
The bullish signal that's just occurred on my system for Gold is a long-term one, so that could mean your short is good for the short-term.
Thanks
Damian
andycan
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maybe easier to give a point of view if you have nothing to gain or lose, i hear what you are saying and i can see why but i have to follow my plandamianoakley said:
BTW
whilst crude was making new highs and everyone was buying and their mother i was selling the rest is history
i dont fight the trend i just look for the end of it. sometimes its right and pays well other times its wrong and i take a relatively small hits
turtle trader
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Gold looks bullish to me - Mondays break (and close) above the trend line is the main factor & todays rise makes the H&S pattern look more convincing.
I'm long from 605 and fancy a swift move up to about 640, although my exit will be dictated by a reversal on the hourly chart rather than any target.
Simon
I'm long from 605 and fancy a swift move up to about 640, although my exit will be dictated by a reversal on the hourly chart rather than any target.
Simon
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andycan
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simon
from my perspective this is a short not because i wont it but my chart reading and geometry is tells me it is
it could run to 640 there is always that possibility
for quite a while i have been saying we should go to the 618 area or 620 ish as a max so now it has hit my target i think this is it. the upside is limited if im wrong i have no issues there is no ego i'll take my medicine
from my perspective this is a short not because i wont it but my chart reading and geometry is tells me it is
it could run to 640 there is always that possibility
for quite a while i have been saying we should go to the 618 area or 620 ish as a max so now it has hit my target i think this is it. the upside is limited if im wrong i have no issues there is no ego i'll take my medicine
Great to see the gold lovers back in force.......however apart from being a trade can we really believe that the dollar is finally on the skids and gold is now ready sterling 2.00 and dow ready to fold. Nah the market is just taking the .... as usual nice long for those who caught it and short for those of that persuasion - no names ............ but I see now major changes near term in fact I'm looking for dollar yen rally possibly back to 120 again.
The big slider is too good to come true .just yet - I think
HS - Gold Fan
The big slider is too good to come true .just yet - I think
HS - Gold Fan
Ah, the last hurrah. Gold lovers have come out quick on this rally, usually a sell signal. Unfortunately, I can't control the actions of others, so gold may still continue higher. As for the long-term, I would avoid gold like a fat kid avoids exercise...
turtle trader
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gugaplex said:
He he .... You might be right about the long term, but then who here is interested in the long term? For now at least, gold is on the up so the easy 'short term' money is on the long side.
It's a matter of finding direction from the daily chart & then drilling down for entries.
Simon
TWI
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I use 20-90min charts on gold. Of course it means there is a bit more whipping around but in the long run you get on everything and get out quickly when it all goes the "wrong" way. Each day in the morning and evening I look at a screen which has daily, weekly and monthly charts displayed and flick through every commodity to get a general picture of how the sectors are moving, after that it is all down to the smaller timeframes.
pssonice
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Which way for goldie today ?
Gold consolidating at high of the friday rally ...... but could flop back into range or make a run for it ........ it should DECIDE today - by the looks of things. This week 632 spot must go or danger that 614/13 will go.
http://www.livecharts.co.uk/MarketCharts/gold.php
Click options to get 10min chart
Gold consolidating at high of the friday rally ...... but could flop back into range or make a run for it ........ it should DECIDE today - by the looks of things. This week 632 spot must go or danger that 614/13 will go.
http://www.livecharts.co.uk/MarketCharts/gold.php
Click options to get 10min chart
Line in the sand for gold is $640. If it substantially eclipses $640, then it will run a good bit higher. However, if it struggles to breach $640, the bottom should fall out. At these levels, the risk/reward is not favorable for the bulls, and anyone shorting should keep their finger on the trigger...
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