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- 100PipsADay replied May 31, 2013
There are fundamental forces driving gold lower as well as other commodities. First, central bank money-printing has lost its impact on the markets. Why? Very simply put, there's too much bad debt floating around the globe and there's simply no way ...
- 100PipsADay replied May 30, 2013
Yep! I'm still shooting for $1,050 or so in the coming months...
- 100PipsADay replied May 2, 2013
I don't see any correlation whatsoever between Gold and the US equities... In fact, I see an Inverse correlation looking at the D1 Gold and D1 DOW. Take a look. Gold has clearly been in a downtrend since September 2012. DOW has been extremely ...
- 100PipsADay replied May 2, 2013
Agreed. We are still in a corrective move to the upside and have been consolidating before the next leg down. Still below the 61.8% from most recent down move and price is still being held down by the 20 EMA on the D1 chart. Definitely nothing to be ...
- 100PipsADay replied May 1, 2013
Someone else may need to help you with this because my weekly Silver weekly chart has problems. Must be a problem with my broker's data feed.
- 100PipsADay replied May 1, 2013
Take Profit almost hit for Gold short from less than 48 hours ago.
- 100PipsADay replied May 1, 2013
Look at the weekly chart for silver and draw out support / resistance levels on your chart.
- 100PipsADay replied Apr 30, 2013
I see Gold & Silver heading down MUCH lower in the coming weeks and months. Key Support Levels: $1,298.70 $1,244.90 $1,160.90 $1,028.40 $ 993.90
- 100PipsADay replied Apr 30, 2013
Hi FishCoo, I wouldn't chance going long on Gold at this time. I am already short but it is up to you if you want to wait for MACD to turn bearish. I think we are at a prime area for shorts.
- 100PipsADay replied Apr 30, 2013
We are currently below the 61.8% retrace from recent down move and price is still right around the 20 EMA on the D1. Maybe a little more consolidation before moving lower in the coming weeks.
- 100PipsADay replied Apr 30, 2013
I have a very similar trade to yours. Short @ 1470 SL: 1495 TP: 1435
- 100PipsADay replied Apr 30, 2013
Hi XTrade, I hope you don't mind me sharing some of the articles above (even though it is "hindsight") in hopes to share the underlying fundamentals which support Gold moving further down in the coming months. Also, for anybody who is interested I ...
- 100PipsADay replied Apr 30, 2013
Weekly & Daily Gold Charts Key Support Levels: $1,298.70 $1,244.90 $1,160.90 $1,028.40 $ 993.90
- 100PipsADay replied Apr 30, 2013
Important Update On Gold and Silver! by Larry Edelson Wednesday, April 3, 2013 Larry here with a quick but very important update on the precious metals. As you may well know from my previous columns, I have been calling for a further decline in the ...
- Posts by Member Search: '100PipsADay'