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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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Karan
Singapore, Singapore
Posts: 83
15 years ago
Mar 3, 2010 9:38
@ pippedoff, i just shorted cable as well. Do you still maintain that gold will drop from here? would this be a good entry level for a short in your opinion?
Xaron
Munich, Germany
Posts: 528
15 years ago
Mar 3, 2010 9:35
I agree with the pound but Gold is a different story. ;) Yes we will see 1020 again, the only question is how many get squeezed out before?
PippedOff
Canada
Posted Anonymously
15 years ago
Mar 3, 2010 9:34
Make that a triple top at 1137/1138.

I made 90 pips shorting trash gbp at 1.0570 in asian session. Now I just reshorted at 1.0560.

As Ashraf says, THE GIFT THAT KEEPS GIVING!
Xaron
Munich, Germany
Posts: 528
15 years ago
Mar 3, 2010 9:31
Looks like my target of 1150 is now closer than the one at 1020... Too pity I'm not long Gold anymore. :D
PippedOff
Canada
Posted Anonymously
15 years ago
Mar 3, 2010 1:03
HUGE double Top on Gold at 1137/1138.

No wgere to go but down now, and significantly. AlreaDY AT 1134.
montmorency
Abingdon, UK
Posts: 610
15 years ago
Mar 3, 2010 0:29
@Vips: I suppose you mean 1165? Personally, I'd be happy with 1065 though :-)
vips
dubai, United Arab Emirates
Posted Anonymously
15 years ago
Mar 2, 2010 21:09
I commented last week here that i dont agree with Mr. ashraf that gold gonna down, u will c 1065/70 soon. and this year as well 1300.
montmorency
Abingdon, UK
Posts: 610
15 years ago
Mar 1, 2010 22:25
Thanks Anti-PPT :-) Sadly I wasn't around to take advantage and my limit/TP was too low.
Oh well, it's back in the money (for now) again.
PippedOff
Canada
Posted Anonymously
15 years ago
Mar 1, 2010 18:06
mont and I's Gold short at 1120 took the air out of Gold, knocking it sown $5 in no time, from 1120 to 1115. Your're welcome!
PippedOff
Canada
Posted Anonymously
15 years ago
Mar 1, 2010 17:15
Just filled short gold at 1120.00 Long USDCAD at 1.0437.

Plenty of power available should the PPT, RBA and GOLDman continue and coordinate interventions to prop risk assets in an attempt to get Mr. and Mrs. Jones feeling confident in the jobless recovery double dip recession.
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