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Market short - but technically looking very fragile. If oil as it looks like it is carries on towards 55 then gold n sil targetting 635 and 13.20

Technical's suggest a good breakout of the current range of 639/647. Many London traders been positioned short waiting for the breakout lower - will only break when the mkt is positioned conversely. very quiet start to the day here so far.

hi elite trd4er - where is your stop in gold ?

my pt would have worked - sold at 1148 yesterday to get out. gold so far has held 605 , but increasingly hard to break through 613 so for the time being play the range 605/613 and trade the break of 603 and 615

PT also resting on a good medium term trend line - holds 1110 with a view to 1150

as long as gold holds 605 this thing should return to 620/625