Tomorrows Gold Price ???

[Rockfeller]

I have a neutral bias on gold. Watching reaction on support and resistance zones.

 

[Atilla]

I have a neutral bias on gold. Watching reaction on support and resistance zones.

More downside to come. Short the rises imo.

 

[Rockfeller]

Gold in 1220 - 1255/60 range. I think it might try to push higher one more time.

 

[Atilla]

Gold in 1220 - 1255/60 range. I think it might try to push higher one more time.

I think it is a big ask to get gold over 60 or 80s at the moment.

Momentum still strong with equities and I suspect FTSE heading to 7000 they'll soon be wondering how to cool markets down.

Talk of rate hikes already doing the rounds.

Gold holders will start another dumping session pretty soon I reckon.

 

[Rockfeller]

1262 test is now completed. Would be nice if it would break below 1240 then I will take additional short positions.

 

[Rockfeller]

My medium term bias for gold is long at least until 1290-1293.

 

[Rockfeller]

Gold still sitting on support level. I am still bullish (until it breaks below 1240-1236) , expecting to see 1290 level.

 

[Rockfeller]

Graph update.

 

[paszkman]

Graph update.

what timeframe are you using?

 

[Rockfeller]

what timeframe are you using?

This graph is 4h graph.

I search levels from 4h , 1h and from daily timeframe. I enter a trade based on 15 min chart because then I can place a very tight stop.

 

[Atilla]

Gold still sitting on support level. I am still bullish (until it breaks below 1240-1236) , expecting to see 1290 level.

Good call Rockfeller

I'm thinking this move is en-route to 1340s

 

[threechords]

1307 50% fib retrace, then 1320 more resistance. So those 2 levels have to go before 1340's. I agree for now, that 1350 will be REAL tough. I will be buying puts there hard.
Just sold all my calls today, made 2.1K. Have a 5K account. GLD needs to backtest 1280 and confirm. If it sags on this first target 1307 I think if it hold 1280 on the retest back the truck up for 1320. The only thing I know really to trade is gold, been doing it for years.

 

[Rockfeller]

Gold is now testing 1329-1333 resistance zone. Next zone to watch is 1350-13560