Gold's Next Move

Hi Traders
What is Gold going to do next? What do you think? Will it go beyond 700???

Pullback to just before 680.7 and up to test the 700.

Intraday/short range? Highway's guess seems totally reasonable.

Medium range? >$1k perhaps by late '07 or early to mid '08.

Long range? The moon, Alice. The moon. The Dollar Doom 'n' Gloomers are buying on the dips now! The upside potential for silver is even greater, far greater, than it is for gold.

i like the expreesion, the moon....
750 this year.

Stocks tumbled today worldwide. Last time when it happened, the gold and the silver followed the crash. What is going to happen now? Is Gold ready to test 640 again?

Its funny how gold has sold off with the DOW
Makes me think the drop in the DOW may be a shake out as it dropped to a good daily support then retraced 30%.Hopefully a hammer bar type action today
Gold dropped yesterday to the 76% retrace of the last up move then came off the lows by 40% indicating possible strength.
I would look to it dropping to 647 (AUG contract) a decent support level and trading around 652 for a day or two (76% retrace)
I wouldnt go short myself because of the amount the price retraced yesterday

Here dollar rate against European currencies is supported by falling gold prices, which brings Australian and New Zealand dollars to correction.
It is traiding on 663.35 now. Poissible, we will see a correction. Supporting levels is 645 and 632.

You don't know until it's a matter of record

Buy on the dips!!

Do you mean dips today?
Personally I will leave it for a day or two to see if it makes a bottom

i think we will reach 700 in nearest future

Do your own analysis and come to your own conclusions!

True
Everybody is responsible for their own actions
But if nobody posted their own veiws there wouldnt be much of a forum
If someone states they think gold will go up or down it would be nice to see their reasoning

Well the current bullish move should test the 690 area (Dec. Contract) A break there will open the way for 715.

Myself I would like to see resistance somewhere between 684 (76% ret of thursdays bar Dec contract) and 690 and a bit more selling before buying
I personally wouldnt feel happy buying without another retrace

Searched for this article after reading a post by Bemac on another gold tthread

Helo I invite some gold traders to come back to this thread and please share their views about what gold will do next. Target now seems to be 780 to me.
What do you say?

I just closed my long position yesterday from 880 to 912.
I am neutral at the moment and dont have any positions in the market.
Looking to shrot gold but waiting till i get a confirmation.

Are you waiting for a break below 865?

I wouldnt say I would wait till it reaches 865.

If my mind set was like that I would be short right now in the hope it will hit 865.

I just believe it will float sideways for the mean time.

Also I dont have a complete set up for short on my methodology of trading.