DislikedDoes that mean Gold doesn't have to go down? - from reading I thought you expected gold to go down - but will it go down now? or go up further and come back 1-3 weeks later? or are you saying it may stay at 1700 + ?
Bummer about missing that trade, its bad when you do the work and miss out.
It was a huge spike, - totally controlled to knock out any people with trades opened to try and take advantage of the volatile market. I couldnt believe the size of swing.
VBIgnored
Short term when price doesn't listen to the MM lines it means that its ready to rock. We'll see next week if it falls back below 1680 then it may come back to test the lower MM line I told you... otherwise 1650 shoudl be strong support.
Also remember its election year and gold usually goes up because index's go up. There are other good trades too ES/DOW/COTTON/COFFEE/USDX are all good ones. Just that gold/silver are manipulated so much we didn't see the rise... there may be fundamental reasons (China not buying as much before, INdia strike, central banks holding ES instead of gold as collateral) but at some point gold bulls will always win... use low leverage and keep adding.
