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GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Disliked{quote} Hi Louis, option traders will seek to guide price into where they have sold the most options. if you don't know anything about options then have a read somewhere. assuming you do, there will be a strike price where most of the contracts have been sold or bought at and here that big options traders will drive the price to. most folk who know this will also look to trade to that price - it becomes of "fait accompli". i know enough to know this but not the certain to where to get the this target price. hence why i asked the thread if someone...Ignored
Disliked{quote} Yep, great sells today. 1770 was my monthly 50% retracement. So I expect some consolidation followed by some more shorts down maybe to 50 or even 1720.Ignored
Dislikedi still think we have to wait until closer to options expiry. like watching from tomorrow and see if they have had enough accumulation. i might have posted this already- some said they deliveries are through the roof. if correct then my view above could be well wrong. we'll see.Ignored