Gold Monthly Shooting Star

thanks for letting us know now instead of when gold was above $700 an ounce

by the way ... if this were to be the top ... is it the

top for the yr or a multi yr top ?

also ... what if one gets short here

thats alot of room on the upside

that the market could go against you

if using a monthly chart
 
Thanks for the FADE!
I am certainly not a SELLER $100 BUCKS down from the high dope. I do appreciate the wake up call, I am liking the looks of ZG below $625. Great book report on Doji's!
 
Quote from Avalanche:

could be......

so how are you playing it?

:p
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I would turn to shorter time frames and watch for weakness, Daily then 60 min. The move from 450 to 720 is parabolic and the retracement could be just as fast.

I remember watching EBAY a couple of years ago and seeing weekly and monthly bearish candles with strong divergence in MACD but the dang thing kept moving up, biased on that experience, liquidating longs would be prudent in Gold but shorting is not my recombination yet!
 
Quote from Surdo:

Thanks for the FADE!
I am certainly not a SELLER $100 BUCKS down from the high dope. I do appreciate the wake up call, I am liking the looks of ZG below $625. Great book report on Doji's!
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Opps great fade!
 

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Mini Me:

I must say, very timely response to my post, 21 days later.
I will have you know I have made money shorting this Contract as well being long since your "MACRO" call. How many contracts did you trade?

I do not pick tops or bottoms, I just take what the market gives me daily bro. It's not about being right or wrong on an internet chat board, it's about money in my account growing, not yours or anybody else's.

Stick with what makes you a few pennies a day.

Cheers
 
Quote from Surdo:

Mini Me:

I must say, very timely response to my post, 21 days later.
I will have you know I have made money shorting this Contract as well being long since your "MACRO" call. How many contracts did you trade?

I do not pick tops or bottoms, I just take what the market gives me daily bro. It's not about being right or wrong on an internet chat board, it's about money in my account growing, not yours or anybody else's.

Stick with what makes you a few pennies a day.

Cheers
More...
......what your view now.....understand you are going with the flow.....advancement this week...short covering??....
 
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