Recent content by N2Metal

Sujith, What do you think about shorting now?

Sujth, Wait for long or short?

DOW and US$ are both gaining strength now. Your call on gold I think is spot on.

I've never seen this US$ and gold both trending down together. They have always run countercurrent to each other. Anyone have any thoughts on what is going on? Is there so much fear that people are running from both currencies?

Everyone, just going over the charts again, I'm not sure we are going much/any higher this round. Sujith, your views are appreciated. Thanks everyone.

I'm all for getting back up to 910-920!:clap:

Ocean, I initially thought we were getting ready to go back down, but we are still showing some strength and I now think we are going to go back up and test the highs. Be careful and keep a tight trailing stop in place. Please DYODD

Ocean, I didn't even notice that. Good observation. It is also making a real pretty head and shoulders formation also. oh, sorry head and shoulders is in 15 minute chart.

Well...looks like a trend reversal may be developing. Wouldn't short yet though.

Might watch and see if 870 support holds, possible reentry point there (long again). DYODD though PS - Keep an eye on crude, it turned down about the same time as gold did. DOW and US$ are still not movers.

DOW and US$ are both still down and not moving up. This pull back might be another entry point. Price is still respecting the (18 day moving avg. that I use) DYODD though.

ditto, plus the above mentioned markets are all linked, they run concurrently or countercurrent to each other. when Dow starts up usually the USD will travel with it and gold is typically getting ready to move the other direction. To try to limit the tread to only gold and not look at or...

Suji, What was your call for tonight/ tomorrow morning? Up, down, or sideways

I started with a Dec. contract in a 5 min. chart. I drew the resistance line across the two highs during the period that the chart covered. I then found the lowest point from the resistance line (which happened to fall on the 29th) I drew another parallel line (to the resistance line) through...

My trend charts are reflecting a support line at 10198. Your stop looks good, wondering if you should have waited a little bit to enter the market though. Did you see USD take off at the same time? If this trend continues for the next 3-4 hour, gold will open down...maybe even open down around...