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

[55mph]

Morning

good morning is your view expressed as purely your opinion ?

 

[Wideboy]

Absolutely, to some (those holding long positions) it may not be such a good morning

 

[55mph]

Absolutely, to some (those holding long positions) it may not be such a good morning

"and not a recommendation to smile."

 

[55mph]

we had a nice london dump yesterday at this time.

 

[artful_dodger]

Really...so did I...we had banana curry lastnight.

Perhaps we will see inflation reported in the US as going down today? Meaning gold will also go down with it?

we had a nice london dump yesterday at this time.

 

[55mph]

according to my chart, the rally fails here,

no, here.

 

[rodin]

Glitch in posting sorted

Gold amazingly stable given general market turmoil...

 

[bbillcee]

short?

 

[55mph]

short?

why not ?

 

[sujithsstorock]

What if we get a scary spike above 789 $ ? . Keep tight stops .

 

[55mph]

there they go again. fishing for the stops. actually, not much to it. they know exactly where they are.

 

[artful_dodger]

They might also be fishing for longs...thinking it is going up!

 

[mikeSG]

sujith -
i've been short from 768. our advice on what to do now please?

at what level do i cut loss and when (if at all) should i hedge?

 

[bbillcee]

this might be going north

 

[zees]

anyone care to share thoughts on what NY might do to Gold spot on open. for my 2 cents worth, i think they might take it down to support the announcements later today
cheers

 

[Wideboy]

sujith -
i've been short from 768. our advice on what to do now please?

at what level do i cut loss and when (if at all) should i hedge?

I'm with you, should fall before it gets to 787.
My stop is at 789

 

[sujithsstorock]

sujith -
i've been short from 768. our advice on what to do now please?

at what level do i cut loss and when (if at all) should i hedge?

keep a stoploss at 790.2 $ and hedge above 791 $.

 

[evarinc]

wideboy are you still looking for 736 friday

 

[55mph]

filled the gap

 

[rodin]

What if we get a scary spike above 789 $ ? . Keep tight stops .

790 and EW says we are past the low 60/40 I think we are not but you can get wave 5 failures that truncate or even make higher low. Gold has not quite hit 38.2% Fibo yet, and really you would expect 50% to be hit eventually. Maybe next year, maybe not at all.

I am small short gold with stop and silver call in case we just take off. The entire financial system is unstable

MT $ resistance is 80 USDX

edit

80.39 to be precise