Daily Trading Strategies on Gold/Forex

[kinggyppo]

gold up a dollar, oil up a dollar, what's wrong with this picture?

 

[kinggyppo]

couldn't resist.

Gold can't get no respect!!

 

[Gold Trader]

my view becomes neutral on gold @ 592.

gt

 

[Gold Trader]

according to some indications, gold (spot) would be preparing to make a big move down. i think there would be more selling below 584~583 level.

current price 591

good luck

gt

 

[kinggyppo]

Has anyone noticed gold has been up now for seven straight days, needs to close at or above $615.00 for me to get excited.
Possible reversal here.

 

[Gold Trader]

it is a little bit of against the trend. but i think it needs some retracement. my call is

short-gold-spot @ 603.5
stop @ 608

 

[Gold Trader]

exit short at 596.5

good luck

gt

 

[SethArb]

nice trade !

any thoughts on the range this upcoming week ?

will 594-595 in spot hold ?

will 600 in spot be broken again ?

 

[Gold Trader]

gold is in a little bit of mixed mode and possible restest of 600 area momentaritly.

however, as long as gold is trading below 607 (recent high), it is showing weakness and violation of 592 level would indicate another wave of selling.

gt

 

[Gold Trader]

i hope gold would fall again to a certain level. we should sell at resistance with tight stop.

current price @ 602.5
short @ 602.5
stop @ 606.5

good luck

gt