Gold

forgot to mention that the 1424 was a comment based on a earlier target from an earlier post. Hence why i mentioned the level. so that would have been the level to take some profits if you were long already.
gold still has a lot more to go in my opinion especially with all thats going on

Libero wrote: Remo,

Gold does look like making higher lows - which is bullish no?

Let's see if there are buyers in ASIA on the back of the 1424 attempt.

Cheers!

Hi libero
I wont short there again as it was a first attempt trade and thats done now. If it goes back upto 1424 then likely to breakout
Gold is bullish and if 1424 gets taken out then this should head towards the main down trend line which is currently at 1519

Im a short term trader so bear that in mind when ever i write some thing

Remo,

Gold does look like making higher lows - which is bullish no?

Let's see if there are buyers in ASIA on the back of the 1424 attempt.

Cheers!

remo wrote: My 1424 resistance is near by

dl.dropboxusercontent.com/u/4899609/gold27thaug.png

Gutted at the level i mentioned was actually about half a point wrong...dohhhh
The actual level to place a short on the first attempt was meant to be 1423.16
So my 1424 that i roughly estimated messed my trade up...did not enter
That would teach me to have a quick look.
I missed the trade by half a point....would have made a nice profit...


dl.dropboxusercontent.com/u/4899609/gold27thaug1.png

My 1424 resistance is near by


dl.dropboxusercontent.com/u/4899609/gold27thaug.png

Resistance point at around 1415?



(From Credit Suisse)