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

This is a discussion on Gold calls.Long term -medium term and intraday calls in gold is here !. within the Commodities & Money Markets forums, part of the Markets category; Thanks S Rock. I have looked at the gold chart and it seems very close to 200 MA so can ...

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Old Aug 3, 2008, 6:39am   #796
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Thanks S Rock. I have looked at the gold chart and it seems very close to 200 MA so can break below anytime I guess. On the plus side it has tested this support 3 times already.
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Old Aug 3, 2008, 7:01am   #797
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Si-you will be a good influence on some of the traders here!

How's gold looking for next week guys? When is that USD going to come down?
Any news coming out next week?
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Old Aug 4, 2008, 9:38am   #798
 
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sujithsstorock started this thread Nothing can be done in gold unless 918 $ broken above for a buy or 901$ broken below for shorting.
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Old Aug 4, 2008, 11:27am   #799
 
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Oh dear I bought at 914, with a stop at 904
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Old Aug 4, 2008, 1:11pm   #800
 
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sujithsstorock started this thread US can give gold up.Euro came to fill up a gap it seems.
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Old Aug 4, 2008, 1:23pm   #801
 
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sujithsstorock started this thread Sell gold with stoploss 902.8 $. Target 898-95-93-88-83 $. Current price 900.8 $. Its a little risky.
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Old Aug 4, 2008, 2:06pm   #802
 
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Suji, just wondering who long you have been trading gold for. You seem very regimented in your stops and target points - I take my hat off to you
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Old Aug 4, 2008, 2:11pm   #803
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I call a bounce in gold and a drop in DOW and all US stocks.
I'm shorting the mini dow with a decently wide stop loss.
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Old Aug 4, 2008, 2:24pm   #804
 
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I'm short now @ 904
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Old Aug 4, 2008, 2:36pm   #805
 
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Out +1.25
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Old Aug 4, 2008, 2:37pm   #806
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Gold is getting pretty close to a trendline at 897/8 area, if it holds support at that line (which it has done the last 10 or so times it has been around that area) I think we could see Gold back into the mid 900's... then again I could very easily be wrong so I wouldn't recommend anyone going long off the back of this, but I will be going long with a stop around the 894 area if it goes back down to the 900 mark. If it closes under 900 however that could be a bad signal.
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Old Aug 4, 2008, 2:57pm   #807
 
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sujithsstorock started this thread Can go long around 905 $ with stoploss 901 $ target 909-911-914-917 $.

If stop hits , do the sell call.

Euro and silver doing opposite things. And crude sleeping. Confused. Lol
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Old Aug 4, 2008, 3:00pm   #808
 
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sujithsstorock started this thread
Quote:
Originally Posted by Wideboy View Post
Suji, just wondering who long you have been trading gold for. You seem very regimented in your stops and target points - I take my hat off to you
thanks . 3 years i have been into this gold stuff. And trading since january 2008.

I love watching gold fall and go up without entering the market.So i can stay away for long time.
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Old Aug 4, 2008, 3:10pm   #809
 
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Ah ok, I hope you've had a good year in gold Are you more of a scalper ($1-$2) a trade or do you prefer the longer trade?
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Old Aug 4, 2008, 3:18pm   #810
 
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sujithsstorock started this thread Mood ! It depends upon my mood. But most scraping/jobbing i do when its close to my stoplosses only.
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