I've been out for a bit and come back to 1244.05! Hmm...don't know where to go from here, so I guess i'll head back over to the FX world for a while until I see any sign of topping in xau.
Short at 1232.80 with a stop at 1251.35...no target yet.
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Close call on my stop Friday. PA is leaving me at break even at the moment. Still hanging on, i bounced my stop up .50c for this week to allow for volatility. I still don't really have a target, but would close 1/2 at 1170 and put the sl at break even just to see where the other 1/2 goes.
Close call on my stop Friday. PA is leaving me at break even at the moment. Still hanging on, i bounced my stop up .50c for this week to allow for volatility. I still don't really have a target, but would close 1/2 at 1170 and put the sl at break even just to see where the other 1/2 goes.
i notice au moves in $25 jumps. so figure 1175 is the next stop.
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Thanks. I just noticed that the low of the day is 1174.93....you couldn't have been closer on the "1175 is the next stop". :-) 1175 is supported by a trendline drawn on the daily from january to april. I'm going to book profits if pa breaks above the hourly down trend line. Until then....still holding
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Joined May 2008
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Status: Trenfollowing
|436 Posts
hm. technics say it's going above 1265,10 for now .. maybe during the next couple of weeks. after that I see it retracing for a quite a while. so longer term view would be down imo.
Where do you see the short term position in prices of Gold?
Do you think emerging economies might pursue after gold to reduce their holding of US dollars and could it increase the prices of Gold? China in particular is sitting on a huge stockpile of USD.
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The Essentials of Trading: Emotions, Risk Mgt, Price.
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Joined Apr 2010
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Status: Junior Member
|3 Posts
An article from the famous man Mahendra Sharma warning metal traders to trade carefully as planetary position is indicating huge up move in metals from mid October but current time is still indicating weak... also wrote on how to trade in Dollar, Oil, Copper, Silver,etc.... just read @mahendraprophecy.com/latest-news.php?id=465 and thought to share with you may be helpful.
