Daily Trading Strategies on Gold/Forex

i think gold would be going up again today.

long @ 583.5
stop @ 579

 

it was a bad call.

currently, 570 would be a strong support and violation of 570 level would indicate strong selling again targetting 540 area.

gt

 

short gold-spot @ 578.5
stop @ 586.5

 

I shorted Silver at 10.91, juat want to get some ideas form the outside what they think of Silver.

 

my bearish view gold is no longer valid.

exit short@ 582

 

gold is showing strength above 585 level and would probably retest 600~605 level in a few days. below 582 is bearish

meantime, silver is also showing similar strength to upside. below 10.90 is bearish.

gt

 

i hope gold and silver would be up this week. they are showing some strength to upside and giving us good risk and reward.

long-gold-spot @ 590
stop @ 585

long-silver-spot @ 11.14
stop @ 10.90

gt

 

my bullish view on gold and silver becomes neutral. (gold@588, silver@11.10)

pls note: most of my calls are intraday basis only.

gt

 

long-gold-spot @ 586.2
stop @ 582.5

 

buy gold