I'd avoid this company as its just grinding lower . It seems to be correcting the full fib retrace .once it goes past the 61.8 fib this will likely retrace the 100% and more. This could be good for the very short term as tradesmarter has said. Be flexible with this.

My view was as posted before 320 for bounce entry (you know I'm always a penny out!), but I'm bearish on gold at the minute so I'd watch the previous support (maybe now resistance) at 340 for re-action and bail on a close below 315 (3% rule)...for now I'd only see it as a quick scalp trade, IF we can stay above 320 for a few weeks then give me another shout and I'll have another look......for now micro-manage the 320-340-360 area for the bigger picture signal is my view (my view changes! and didn't expect 320 to be hit so soon in all honesty) for now watch the 20p trading channels and bail if we see a new low...a break above 340 should see 360...."be flexible with the numbers of importance"

TS,

I was in at POG around 319 last time,and got out at around 399p, eventhough it went to 415p.
Now I have started buying back POG.

Whats your view on this please.

ta
Have a good day

G

Eyeing 320 for long term pension investment...with a break above both resistance lines being the signal to stay long, but may be another swing trade in this...got lucky last time at the 600 area...thank god I sold for a few p profit..note this is a weekly chart and 320 hints at a possible bottom area if it holds...if not I'll just extrend the trendlines and keep watching

I was stopped at 349. Will look again later, but just at the moment I'm a bit nervous of longs unless there is a very good reason.

I think this is approaching some critical areas.

The recent high was sold off - so it will be interesting to see if the recent lows are being respected.

The risk taker would go in expecting a higher low

dl.dropbox.com/u/4385922/pog0501.png

Any views?

Cheers

There seems to be a double bottom forming on the hourly, fingers crossed, as I bought in yesterday!

The target it says in IG is 301...I hope it doesnt go there... but its POG..anything can happen lol

Petropavlovsk ST: under pressure below 378.25
Our pivot point stands at 378.25.

Our preference: under pressure below 378.25.

Alternative scenario: above 378.25, look for 403.75 and 418.5.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day MA (respectively at 375.42 and 358.36).

Supports and resistances:
403.75 *
378.25 **
368.75
349.5 last
316
301.5 **
287.5 *

Thanks UKnosferat, I actually bought my first tranche at 344 today. I'm wondering whether I'll get a 2nd entry at a similar price tomorrow (as Remo often says, half way down the hammer; if it confirms of course). Hope you're wrong about 305!!

possible hammer forming

Hi Shorty

Not sure if your lookin to go long or short but, i'd be looking at going long near 305 should it get there. Only my opinion.. Chart attached

Gud luck

screencast.com/t/QyI6NmIfG7

For me POG didn't complete the move to the top of it's falling trade channel at around 434. Can't help wondering whether tomorrow will give us a long entry with a that target.

See annotated chart above for what I'm seeing. Would very much welcome input on this.

My entries at 345-351.5p and 370p are looking bullish.
Have orders to buy here on dips.

Very busy doing 2 jobs this week and more.

Good luck

screencast.com/t/5YdKw7VZy9kr

Turning bullish?

Gold seems to have changed direction (avoiding the potential drop to 1640 for the time being).

If it retests 329/330 it might be a good entry.

I'm also long on this as well.
My stops are below 345 so my risk reward is pretty good
This area is strong support but if it breaks then it could be painful so Hense the tight stop

My previous trades on this share have been losses but hopefully this trade will be better as right on support


DYOR

I bought in near the end of play yesterday. The chart (especially the shorter time frames) look like is pushing hard on the 350 level which is a concern - I have got high hopes for this trade, especially with the end of the year looming (and hopefully a Santa Rally)

My 357.30p Buy was stopped out at 362.10p

Still hold some at 352.50p

Have placed orders at 351.50p which may get filled.

This is Bang on support. Recent lows 349.85p (only lasted one hour below 352.50p)

I set a buy order to 357.30p which was the days low at the time.

Came back and found the order filled. New low of 357p. I want to keep my average low here preferably below 370p.

My target is 650p but will take profits on the way.

I bought in on Monday at 352.50p

It did go briefly lower but seems to be in a 352-362p trading range.

It might need Santas Rally to get the trend change confirmed.

Are you is this Remo?

I presume you were stopped out?

But did you re-enter below 350p?

Appears to have bounced off the 352.50p from my IG Chart.

Not a strong bounce and looking for lower in the morning?

358.70p

This edges ever closer to a strong buy.

But I am going to have a stop in place as it could just fall off a cliff.

POG chart dl.dropbox.com/u/14595286/POG%2013.11.2012.JPG

It appears to be following the down trend line and heading to major support at 352.50p

I will put a tight stop on it if I do take it out.

Could be good for a pre Christmas trade up to 470p.

I expect a lot of traders will be buying this below 355p.

If this does go below 345p it could be murder!

remo,

I will use a tight stop below 345p region because I see the shape of my chart going very bearish if that happens.

225p? Not impossible here

im already long on this and curently nursing a loss..My stop is below 371.
If this goes below 371 then down she goes.This will then head towards 345

dyor
remo

remo,

I am being patient on this one so far.

I am happy to wait and see.

Good luck with that one

Im looking to go long at 384.2 with a 15 point stop.
Thats the gap support. This is a first attempt basis trade. I like trading the gaps .This is only for today.

dyor
remo

dl.dropbox.com/u/14595286/POG%2008.11.2012.JPG

If you look at my chart there are several lines that the SP has broken.
I have left them there to help me remember how I was thinking here.

I have successfully traded POG over the years but closed my last SB on a loss.

I currently have a Buy Target around the 350p major support level.

If this support level does fail it would be curtains for the SP which could then hit almost any level!

Unlikely but possible