Gold calls.Long term -medium term and intraday calls in gold is here !.
- Thread starter sujithsstorock
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Hi sujit !
do u got any short call? or an opinion on my numbers?
perhaps break at ~830 with target ~826? and with a break of 826-824 maybe 818-813-800-790 ?
Morning all 
Todays outlook:
I can see price dropping to around 821/818 this morning.
From there we watch price action. If price holds above 817 we can expect a rally upto 840 region (as shown in Suji's chart posted earlier). If however it goes below 817 and we see an hourly candle close below that level we can expect a dump down to 806,804,792.
As always watch the price action, it will tell you where the market is heading
For now if price goes below 829, short with targets of 826,821,817 - stop 833
Todays outlook:
I can see price dropping to around 821/818 this morning.
From there we watch price action. If price holds above 817 we can expect a rally upto 840 region (as shown in Suji's chart posted earlier). If however it goes below 817 and we see an hourly candle close below that level we can expect a dump down to 806,804,792.
As always watch the price action, it will tell you where the market is heading
For now if price goes below 829, short with targets of 826,821,817 - stop 833
760?? i think that it will go to 805-810 and bounce up to 885.. after that we will se another 7xx...
thats just my opinion.. I would like to hear from Sujith also
francisfinley
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watch the oil play, oil is going through the motions and if it falls through $113 it will take gold with it. $824 is the number to look for gold to cling to if it cant its heading south. its currently outside the line and $824 is resistance.
mad mad world
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I am still holding my long from 832 with STOP loss as suggested by Suthij at 817....
sujithsstorock
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second target was met 5 $ profit.
760?? i think that it will go to 805-810 and bounce up to 885.. after that we will se another 7xx...
thats just my opinion.. I would like to hear from Sujith also
Take a look at weekly oil ... through uptrend line not much support except at 100 then 80, but 100 I think will cave easily since thats only $10 down and the support line is nearly 2y old (therefore increasing its significance).
The 4H wedge has height of 835-775 = 60, and breakout from 820 implies 820-60=760, minimum.
EUR and AUD are hanging on by a thread and dont look like they will survive this time.
Although we are still on support, so we may still survive in EUR AUD WTI GOLD, in which case we may still see very good rallies, its just that if we stay around these levels what do you think NY will do when they come back tomorrow?
sujithsstorock
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Sorry guys , i couldn't update any sell call before the fall. I was busy with some work.
great call !
hold with that stoploss . I couldn't manage to creep into this site due to net problem.Else i would have given the sell call , and you could have booked profit.Hold with stop.Lets see if we get a reverse up rally from here.
great call !
hold with that stoploss . I couldn't manage to creep into this site due to net problem.Else i would have given the sell call , and you could have booked profit.Hold with stop.Lets see if we get a reverse up rally from here.
sujithsstorock
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you wait to buy. Let one more hour pass bye. I know the buy limits what i had forecasted has reached.But wait for one hour.
francisfinley
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oil drove thru 112.........quite significant.
sujithsstorock
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Those who can accept the loss
buy gold around 819.5 $ stoploss 817 $ target 823-825-827.8-831-836-838-843 $.
Risky. Its trying to catch the bottom. Stop might hit too.
buy gold around 819.5 $ stoploss 817 $ target 823-825-827.8-831-836-838-843 $.
Risky. Its trying to catch the bottom. Stop might hit too.
Yep risky but I see where you are coming from.
817 is a key level so could prove a turning point for now.
I'd rather wait to see where this hourly candle closes, above 817 then I think your call is good
817 was my 2nd target, actual fib level is 817.73 so target should really have been 818, almost reached it...
