[Tiger21]

Seeing strong correlation between the dollar and gold right now as the dollar continues to rally for the fifth straight day and gold continues to decline. At this point it appears that buyers expect more selling and are waiting on the sidelines until this correction exhausts itself. Institutional investors decreased their long exposure the week of Oct 20 by 2% and we will probably see additional declines this week.

[Pirin]

Originally Posted by Pirin

Retracement : sell @ 1040.62, target -> 1030.95 ,1000 pips

This is the reason I don't use stop losses.

[pounce]

Originally Posted by The Fool

But will you trade it?

Would a break of the bear flag shown on the H3 chart be a good short entry?

How about a touch or break of the U/Z UTL?

No. I wouldn't touch anything right now. It's silly season until the GDP comes out. Look at the motherfuckers in Goldman and other slimy outfits - they are confused, spewing rubbish that jeapordizes their longs and their shorts.

[ubaidahsan]

keep selling guys :d

Ub

[Tiger21]

Paul Tudor Jones, managing $11.6 billion, is suddenly bullish on gold as he is concerned with inflation and increased purchases by ETF funds. Gold is just about flat today.

[ehrek]

I bought 200 ounces of gold @ 1039.45, could have bought it alot earlier.. but wasnt paying much attention to it.

[Hell7]

I posted my daily chart for Oct. 29, 2009 on my blog

[twamta]

Can anyone of you fellow traders tell me, where can I find free live feeds (diagrams) of Gold, Oil and NYSE? I am trying to find them on Metastock but I can't!

Any help will be much appreciated!

[Tiger21]

Gold continues its orderly descent in price, but there are so many dollars, pounds and euros being printed that real assets will go up in value. Anyways, there is a seasonal low in this part of the year and with gold appreciating for a second monthly gain, a consolidation period is to be expected.

[enivid]

Originally Posted by twamta

Can anyone of you fellow traders tell me, where can I find free live feeds (diagrams) of Gold, Oil and NYSE? I am trying to find them on Metastock but I can't!

Any help will be much appreciated!

Many MetaTrader (MT4) Forex brokers offer free demo accounts with full-scale chart on Oil and Gold (and some NYSE traded stocks too). Try FxCompany for example. You just download their platform and install it. No need to register anywhere.

[twamta]

Originally Posted by enivid

Many MetaTrader (MT4) Forex brokers offer free demo accounts with full-scale chart on Oil and Gold (and some NYSE traded stocks too). Try FxCompany for example. You just download their platform and install it. No need to register anywhere.

Enivid thanks for the info!

[Tomo1]

some companies make you pay for demo, u should not, so just in case!
Anyhow, the gold trading is great lately as the usd is being sold off, the volatility is quite low, so go ahead traders,

[Hell7]

I was expecting a lower high - guess I was wrong.

Updated chart posted on my blog

[The Oracle]

Seven reasons why gold will surpass $2,500 & inflation isn't one of them:-

1. Decreasing mine production
2. It's getting harder to find
3. Investment demand
4. Central banks are buying
5. Push for gold-backed currencies
6. Exploding demand in Asia
7. Gold is in a secular bull market

*Courtesy of Peter Krauth, Money Morning, 26 Oct 2009

I see gold at $1,300 & $2,500 by the end of 2009 & 2010 respectively!

[bksujal]

Originally Posted by The Oracle

Seven Reasons why Gold will Surpass $2,500 & Inflation isn't One of Them:-

1. Decreasing mine production
2. It's getting harder to find
3. Investment demand
4. Central banks are buying
5. Push for gold-backed currencies
6. Exploding demand in Asia
7. Gold is in a secular bull market

*Courtesy of Peter Krauth, Money Morning, 26 Oct 2009

I see gold at $1,300 & $2,500 by the end of 2009 & 2010 respectively!

yea i heard the indian central bank bought a lot of gold today this is clear evidence of wht the central banks r actually doing