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by Ashraf Laidi
Posted: Feb 23, 2010 18:53
Comments: 201
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This thread was started in response to the Article:

Gold Catching Down with Euro

Gold's record high vs. euro was a key signal in ensuring bearishness in both the currency & the metal against the US dollar. Forex & commodity traders must watch.
 
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montmorency
UK
Posted Anonymously
15 years ago
Feb 26, 2010 12:06
We can't beat an elephant like Soros, but we can use his great feet to crack open our coconuts.
(Ancient Hungarian proverb ... which I've just made up :-) ).
Pipster
birmingham, UK
Posts: 111
15 years ago
Feb 26, 2010 11:04
Xaron, looks like gold may go to the 1123 region. You mentioned the daily trendline, this also coincides with the 786 retracement. I came out my short positions yesterday. Made a loss, but i'm looking to reenter around 1123 - 1115 - Good luck

Pipped any help on this thinking would be great
Steven Blyth
London, UK
Posts: 148
15 years ago
Feb 26, 2010 10:20
I was short...now am Long GLD. Outside day reversal candle on the daily chart. Am treading lightly though.
klevera
seoul, Korea Sout
Posts: 51
15 years ago
Feb 26, 2010 10:16
I guess china story is sort of somebody's irresponsible speculation.http://www.reuters.com/article/idUSTRE61P0QZ20100226
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 26, 2010 10:11
Gold does look tired here at 1113/1114. Doesn't mean Soros can't add another $10 while he is buying AFTER he proclaimed Gold is in a bubble
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 26, 2010 10:02
with a very tight stop on the gold short. May have some "risk" short covering into the weekend.
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 26, 2010 9:53
Just reinitialized a short at 1113.7
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 26, 2010 9:51
1114 and counting

Hope my good friends here used those limit orders yesterday below 1100 to close thier short positions.
Xaron
Munich, Germany
Posts: 528
15 years ago
Feb 26, 2010 7:44
Next resistance at 1123 (daily trendline), then 1132. I'd reconsider my short bias after a daily close above 1132. Support is around 1090.
Karan
Singapore, Singapore
Posts: 83
15 years ago
Feb 26, 2010 7:41
@ xaron - what would you suggest is Gold's immediate support and resistance levels at this point?
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