{quote} I can only target max till 1313. I believe gold wanna keep bull and doesn't want to go back below 1310 area.
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Friday close will tell us a lot, if it close below 1335.xx then the door is open for 1248.xx at the moment 1329.xx and 1334.xx is now the direction maker in the short term.
{quote} Friday close will tell us a lot, if it close below 1335.xx then the door is open for 1248.xx at the moment 1329.xx and 1334.xx is now the direction maker in the short term.
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Also for the record for thoses have been asking when i will get my website up it is up and running { information deleted by staff, per membership policy }still have some fine tuning to get done on it thou.
{quote} Also for the record for thoses have been asking when i will get my website up it is up and running { information deleted by staff, per membership policy } still have some fine tuning to get done on it thou.
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Also my live trading feed is on it like a explore { information deleted by staff, per membership policy }
{quote} Which will open the door for 1318.xx and 1306.xx against 1335.xx risk
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We have traded within a two day range today and the full extension of this range put us at 1281.xx so i suspect either we take one more run at 1335.xx or CPI will set momentum in play, for tomorrow. Depending on the #
{quote} We not fully at 1318.xxx as yet, but next Bulls Scalp is forming for another run to 1329.xx attempt or even 1335.xx once again.
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Bulls are trying to hold on to 1320.xx Fix the the fist PM for the month of September, they now if they loose it they are in trouble. 50% of the Fix play for this month so far is 1334.xx if Bulls get 1325.xx they will attempt it once again for those trap bulls.
{quote} Bulls are trying to hold on to 1320.xx Fix the the fist PM for the month of September, they now if they loose it they are in trouble. 50% of the Fix play for this month so far is 1334.xx if Bulls get 1325.xx they will attempt it once again for those trap bulls. Fix reference http://www.kitco.com/gold.londonfix.html Buy at 1320.xx for 1325.xx for now scalp play in progress. Risk 1315.xx month low will track 1325.xx if it open 1334.xx for a 2:1 trade for now 1:1
{quote} Currently we have 1351.xx sell in play against 1357.xx risk with 1334.xx as it defence.
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This was Friday and Bears are now in control of 1334.xx it is now supply and resistance Bulls can not afford to lose this handle for they know what that mean. I suspect another attempt by them before the week close. A week close below it, will open 1282.xx and 1248.xx which will kill the weak Bull hands for now.
Let see what CPI do and the Thursday Fix going into Friday.
Still holding my short with 1315 as my closest Take Profit. My market sentiment is still bullish until I see that "sign" of market really ready to reverse and swing sell
{quote} Bulls are trying to hold on to 1320.xx Fix the the fist PM for the month of September, they now if they loose it they are in trouble. 50% of the Fix play for this month so far is 1334.xx if Bulls get 1325.xx they will attempt it once again for those trap bulls. Fix reference http://www.kitco.com/gold.londonfix.html Buy at 1320.xx for 1325.xx for now scalp play in progress. Risk 1315.xx month low will track 1325.xx if it open 1334.xx for a 2:1 trade for now 1:1
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Scalp check at 1325.xx profit taken will wait out CPI to see if we heading for 1318.xx/1306.xx or we continue for 1334.xx
{quote} Scalp check at 1325.xx profit taken will wait out CPI to see if we heading for 1318.xx/1306.xx or we continue for 1334.xx
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Bears have trigger 1306.xx once again against 1326.xx risk bulls still have 1319.xx as support and the upper on going into CPI this flow is getting sweeter as the day go by.
{quote} Bears have trigger 1306.xx once again against 1326.xx risk bulls still have 1319.xx as support and the upper on going into CPI this flow is getting sweeter as the day go by.
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So we get 1318.xx check on good CPI it is Baer market and the Bulls know that so they can't afford to loose 1334.xx on the week close
XAU/USD & XAG/USD - Gold & Silver Traders Thread
