Daily Trading Strategies on Gold/Forex

Quote from Gold Trader:

gold was just down for a couple of $ and reversed extremely high which is totally unexpected move.

most of bulls would have been killed yesterday.

today, all the bears would be killed.
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A compelling example why I want to be neither, beyond a single intraday session, at most.

Look at the carnage that happened 9 months ago in May and June, culminating in a one-day $51 sell-off to an exhaustion low on June 13th. Ever since then, I've treated gold strictly as an intraday, counter-trend trading instrument.
 
COT report shows record longs, both in number and in speed of increase - way out on a limb here, but we should see a correction very soon.
 
Quote from kalzayani:

gld is over bought IMO
I think they will start selling around 68.5 to 69
for those short levels try to use 90% without stops
doing options do the 90% to 95% or more


GL
KaL

% sure Long Long PT Long S/L _______ Short Short PT Short S/L
68.4% 65.8253 66.6524 64.8236 _______ 66.7233 66.0017 67.5973
73.1% 65.6516 66.7103 64.6235 _______ 66.8749 65.9512 67.7720
78.4% 65.4293 66.7844 64.4216 _______ 67.0689 65.8865 67.9481
84.3% 65.1448 66.8792 64.2034 _______ 67.3171 65.8038 68.1385
90.1% 64.7805 67.0007 63.9347 _______ 67.6350 65.6978 68.3729
95.0% 64.3143 67.1561 63.5560 _______ 68.0417 65.5622 68.7033
98.3% 63.7175 67.3550 62.9851 _______ 68.5624 65.3887 69.2015
99.7% 62.9536 67.6096 62.1392 _______ 69.2289 65.1665 69.9395
100.0% 61.9759 67.9355 60.9684 _______ 70.0820 64.8822 70.9611
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expect 60 to 57
 
Silly question here...but is it possible to trade spot gold? If so what is the symbol and what exchanges is it available on?

I'm familiar with the futures (YG, ZG, GC)

Thanks.
 
"spot gold " is not traded on any futures exchange

some forex dealers and banks offer "spot gold" trading

I think a london outfit called -thebullionvault-

has a market in "spot" but am not sure if they
promote frequent trading
 
Quote from SethArb:

"spot gold " is not traded on any futures exchange

some forex dealers and banks offer "spot gold" trading

I think a london outfit called -thebullionvault-

has a market in "spot" but am not sure if they
promote frequent trading
More...

Thanks..you are correct. It looks like i can do it through Oanda.:) (XAU/USD pair)
 
gold has ben paying more attention to the "carry trade" in recent days

what will they ( the funds ) think of next for it to follow ?

:p
 
current gold (spot) and indicators.

most of the market melt down today.

gold is still resisting.

but indicators are indicating a weakness.

gold bulls to be mindful tonight and tomorrow.
 

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