Gold Trading the $1200 Mark

Discussion in 'Trading' started by peilthetraveler, Nov 25, 2009.

  1. I think 1200 is going to be tough to break though. It should be good for some great trades between 1180 and 1200 though for a while. Im really hoping to trade that range for a good couple of weeks before we start our ride to 1500.
  2. LOL...couple weeks.

    Don't think so.
  3. wesker


    Do you think it'll happen sooner or there will be a correction in the next few weeks?
  4. When gold was right below the 1000 mark it traded for a couple of weeks in the 990 range. 1200 is a major milestone. It may, or may not trade in that range for a few weeks, but like i said...i hope it does, not it definately will. Either way i think its a 50/50 chance we stay below 1200 for a while.
  5. Within 48 hours would be my guess.
  6. wesker


    I'm feeling the same thing. Made $600 off long calls this week on GLD.

    Hungry for more.