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- GoldenGunner replied Apr 17, 2014
I'm not betting on any super major moves today as traders are getting off for the long weekend, yes the party has already started for some! For the near term: Upside: I'm looking at 1307 and another possible rejection at this resistance level. ...
- GoldenGunner replied Apr 16, 2014
Gold has the potential to snap back up to 1329 from current levels, it may not decide to take this steep path though, we'll see how it plays out.
- GoldenGunner replied Apr 16, 2014
Good advice, after a strong move like this, there's always a chance of a sharp snap back, it can catch the best of traders out.
- GoldenGunner replied Apr 15, 2014
Thank you big bears, a magnificent performance today as well as exemplary leadership in the market And here's something for us smaller bears...sweet as hunny... video
- GoldenGunner replied Apr 3, 2014
By the way, very short term support @1278/80.
- GoldenGunner replied Mar 28, 2014
Looks like an extended coffee/tea/dinner/beer/wine break. There's still a few hungry bears about, watch out! Have a good weekend! Ciao :-)
- GoldenGunner replied Mar 28, 2014
Looks like it's coffee break in NY, afternoon tea in the UK and I guess dinner in Asia. I'm sure everyone will be back soon! Hey, that's an idea, plotting time bands for when traders are away from their desks????
- GoldenGunner replied Mar 28, 2014
If this is the rally, then I have 1324 as a possible upside target - neck line. But let's not get too excited, the bears are strong and clever.
- GoldenGunner replied Mar 28, 2014
I am not planning to go long in Gold, even if we do get a rally, it's a bear market medium term.
- GoldenGunner replied Mar 28, 2014
Thanks Nitsan. I'm bearish to 1180, with some kind of rally in between (which may never happen the way we want it).
- GoldenGunner replied Mar 28, 2014
Gold is still generally going sideways, that can't last for too long. 1285(ish) does seem like reasonable support, so could see a nice bounce from there. Whether that is the level to stage an official corrective rally from is a different question.
- GoldenGunner replied Mar 27, 2014
We love you bears, we do, ooohhhh bears we love you (1180 please!)...ok...may be next week (after the snap-back?)
- GoldenGunner replied Mar 27, 2014
Only 0.1% loss? That's the sign of a successful trader to me. Managing losses, keeping them to a minimum, is 80% of trading proficiently. Only 20% to go bro!
- GoldenGunner replied Mar 27, 2014
Come on you bears. 1289 would be nice, 1270 would be the icing on the cake, 1180 would be the cherry on the top! Really can't consolidate for too long.
- GoldenGunner replied Mar 27, 2014
Thanks jack, I've been watching your levels, they seem to be quite accurate. I'll be watching this 1289 level to see if we get a bounce or alternatively a drop to 1274. The 1289 level also corresponds with a fib level on my charts, so we'll see if ...
- GoldenGunner replied Mar 27, 2014
A 'snap-back' rally could occur at any time, the problem is knowing when that will happen exactly, mission impossible if you ask me, for many traders, even the pros.
- GoldenGunner replied Mar 27, 2014
Is this where gold falls off the cliff? currently @1292.
- GoldenGunner replied Mar 27, 2014
I've got 1270.53 as the next possible lower level, which is within your range, we'll see what happens.
- GoldenGunner replied Mar 27, 2014
It's raining gold bars, the bears have been gathering for this down leg since 1am GMT, no idea how long it will last. We're currently at a minor fib level, so might see a relatively 'tiny' pull back. Not even going to try and trade it. Regarding ...
- GoldenGunner replied Mar 25, 2014
It is probably going for the neck or as near as possible to, it might even nick it, if it dares: