Recent content by maybedinero

Why INR?

It's going to get congested (not sure if that's the right technical term or not!) at $890 again, then we'll see which direction it moves out in.

I was in a meeting for much of the afternoon today - that doesn't help ;) (and I got stopped out while I was away, then the market moved in the right direction; bummer)!

Went down $20 in less than 15 minutes (and I was on the right side of it for once - hurrah!); I wouldn't call that quiet!

Nice rally (shame I went long at the top an hour ago instead of 10 minutes ago)!

Oh ****.

I didn't understand a word of that! You're using some esoteric technical analysis system aren't you ;)?

??? Big downward spike to 892 there!

The most interesting thing about today is going to be Paulson's announcement of further details of the bailout plan. Again I'm inclined to be bullish here on gold - not sure what he could say that would actually increase confidence in the market!

Big long at 896 now.

Small profit taken, long again now at 896.5.

@rodin: Same. Short at 897 & 899, with stop at 903.

What was that £@*!%@* downwards spike at 4:30am all about? Wiped out almost all of my profit from yesterday, that's what :mad:.

Didn't think much of that.

I'm inclined to take all TA with a big pinch of salt. The fundamentals say gold should be rising, so I'm still going long and betting on that breakthrough upwards $900.