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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 30, 2011 19:10
wat u mean Q, sell fort knox ?
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 30, 2011 18:45
will obama bring something new next week?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 30, 2011 18:09
crude long going to plan thus far. Tested the 89 level, we need a clean break.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 30, 2011 18:06
now why would you be confused jacek ?
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 30, 2011 1:14
confused!?.. refer to earlier gold chart.. it's working very nicely thank you very much:-)

always trade with stops!!!
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 29, 2011 21:56
correction, take out its 1705 pivot low. Its too early to have any degree of confidence for the near term direction as markets are all confused.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 29, 2011 21:50
Risk on again day today so gold fell back. Gold is currently more or less negatively correlated with stocks so if stocks go up gold is down and vice versa. Looking at SPX and Dow charts today they both took out their 17th August pivot highs which means the Dow is likely to extend to 11745 next and the SPX to 1228 next. If true I would expect gold to take out its 1752 pivot low. Current 1789 futures, 1787 spot.
Nour
Casablanca, Morocco
Posts: 15
13 years ago
Aug 29, 2011 20:53
any recommendations about gold ???
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 29, 2011 14:03
current 87 ish
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 29, 2011 14:01
if it can take out 89.0 high first tp @ 92.45
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