Daily Trading Strategies on Gold/Forex

Discussion in 'Commodity Futures' started by Gold Trader, Jul 30, 2006.

  1. gold is in a tight trading range. and i believe it woul be preparing for a breakout. it would be on either side.

    my current directional bias is becoming neutral at this moment. closing above 578~580 in 1hr chart would be a potential upside move.

    closing below 571~570 in 1hr chart would be possible huge downside move.

    current price @ 576.5
    directional bias - neutral
     
    #141     Oct 12, 2006
  2. here is a chart showing possible breakout pattern.
     
    #142     Oct 12, 2006
  3. current price @ 574
    directional bias - slightly down

    if you short, hold short with stop around 578.

    it is to capture the b/o

    short @ 571
    stop @ 575.5

    long @ 578
    stop @ 573.5

    good luck
     
    #143     Oct 12, 2006
  4. current price @ 576.5
    directional bias - slightly bullish

    if you are long at 580, stoploss would be around 574.
    if you are short, you would have been stopped out around 578.
     
    #144     Oct 12, 2006
  5. current price @ 578.3
    directional bias - bullish
    hold long with stoploss around 575~574.
     
    #145     Oct 12, 2006
  6. correction: if you are long at 578, stoploss would be around 574.

    currently gold is showing strength to upside breakout. it could even happen during asian session.
     
    #146     Oct 12, 2006
  7. if you are long from 578, suggested stoploss should be around 584.

    current price 588

    good luck
     
    #147     Oct 13, 2006
  8. gold moved strongly as expected. there is a high probability of moving higher next week.

    current price @ 589
    hold short with stoploss around 584 area.
     
    #148     Oct 13, 2006
  9. as much as I want higher prices and more than likely higher
    volatility in the metals

    unless the Euro and oil markets cooperate
    and move higher ... the gains in the metals
    will be limited next week or even retrace the higher
    prices seen late friday

    oh heck ... maybe the XAU big caps will rally with the
    SPOOS and the spot metals - futures will tag along for the ride
     
    #149     Oct 14, 2006
  10. correction:
    current price @ 589
    hold long with stoploss around 584 area
     
    #150     Oct 14, 2006