Daily Trading Strategies on Gold/Forex

gold is moving higher as anticipated a few days ago.

hold long @ 632.2
stop @ 628

 

G-Trader, where do you trade your gold?

 

that day was the exact top- it went straight down from there/ ended the year at 51.16

 

vlo
==

around 8-dec, there was earning of selling. around 12-dec, sell signal confirmed.

take a look at indicators. but i am not tracking any market rather than gold at this moment.

 

long @ 624.5
stop @ 621
target @ 628

 

Long YG @ 610
Stops under $600 longer term bullish gold trade (bearish usd play into 2007). Hopefully the Euro and Pound will bounce off its 50% fib ret. and breakout price level from a few weeks ago...if that happens i'll be adding to this gold position. Best of luck all.

 

not sure if this is "real " order or "spoof" but there has been

huge selling size sitting close to $611 area in FEB 07 GC tonight

in Asian session

 

as long as gold holds 605 this thing should return to 620/625

 

PT also resting on a good medium term trend line - holds 1110 with a view to 1150

 

market order

long @ 613.3
stop @ 610.5
target @ 620

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stop sell order

short @ 609.5
stop @ 612.5
target @ 600