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

[sujithsstorock]

Supports 746-753-758-763 $

resistances 772-777-782-789- break above is good for bulls.

Take these levels for stops in long n short position.Safe traders stay out.Its deadly risky.

 

[55mph]

Am i missing something ? . . . Yup . . Crude 94 $ !. Thats mr.Crude . He took it all down. Whatever upside came in gold, its on gold's own merit. But crude is pulling him down.

At newyork one sided rally expected. Either up or down. Be hold.Am still at black out.

golds levitating.

 

[55mph]

oils dec contract is down over $6

 

[sujithsstorock]

sell gold at 782 $ stoploss 785 $ tgt 779-777.2-773-769 $ .do in minimum

all targets met.

just a formality !.

 

[Wideboy]

Don't be suprised to see 786 again quickly before we head back down....

 

[Wideboy]

all targets met.

just a formality !.

Nice trade welldone

 

[Wideboy]

Don't be suprised to see 786 again quickly before we head back down....

Maybe not lol

 

[TrentT]

Supports 746-753-758-763 $

resistances 772-777-782-789- break above is good for bulls.

Take these levels for stops in long n short position.Safe traders stay out.Its deadly risky.

Yeh, I'm flat on this until there's some stabilty. Got
my $2 X 2 profit for now. Let's see how it goes...

 

[55mph]

Don't be suprised to see 786 again quickly before we head back down....

i think we'll see 760 first. oil's down 5%

 

[OceanBleu]

Maybe not lol

Suji,

Early to tell but on a hourly chart seems like we have a cup and handle forming. Will depend whether gold holds the 762-764 area. Your thoughts?

 

[55mph]

gold futures are up a measly 1% at the brink of financial turmoil, so says a bloomberg reporter.

 

[sujithsstorock]

Suji,

Early to tell but on a hourly chart seems like we have a cup and handle forming. Will depend whether gold holds the 762-764 area. Your thoughts?

strategy is sell at break of low..! stops according to ur risk. nothing safe today

 

[Wideboy]

strategy is sell at break of low..! stops according to ur risk. nothing safe today

Does seem to be very volatile at the moment.
Market is chewing up and spitting out the short term day traders by going after the stops.

 

[55mph]

now investors are piling into treasuries and gold, according to bloomberg. i hope that's a top tick. still short from 780.

 

[fireking]

strategy is sell at break of low..! stops according to ur risk. nothing safe today

any calls running?

 

[55mph]

no, nothing running.

 

[artful_dodger]

nothing running....too dangerous for me!

 

[artful_dodger]

now i'm a novice...but can i see a reverse head and shoulders pattern forming on the 1hr and 4hr charts?

Obviously if right shoulder fails that should mean down again?

 

[55mph]

no, nothing running.

i'm short at 780 but i think the recent rally is shortable here. 773
RSI is weak.

 

[Wideboy]

any calls running?

Medium term short call, from 765 target 704 by Friday, stop 789.

edited: price is now above entry so good place to enter if you are willing to take the risk of large stop, or if you want to be more cautious then enter short on break of 767