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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.
 
Karan
Singapore, Singapore
Posts: 83
12 years ago
Feb 26, 2010 7:41
@ xaron - what would you suggest is Gold's immediate support and resistance levels at this point?
Xaron
Munich, Germany
Posts: 528
12 years ago
Feb 26, 2010 7:38
I'd like to add that this is my long term view. I'm short at the moment.
Xaron
Munich, Germany
Posts: 528
12 years ago
Feb 26, 2010 6:01
I agree with your view said. Gold will hit 1150 again, then 1200. Especially as everyone seems to be long Dollar.
rrose
United States
Posted Anonymously
12 years ago
Feb 26, 2010 0:24
it seems like a bull flag forming on gold charts
chloethebull
Posted Anonymously
12 years ago
Feb 25, 2010 21:34
i like ashraf latest imt ..an im adding more shorts ...can;t wait til we head towards 1065 hopfully its tomor giving us another day to lock in pips b4 march begins..gl all
montmorency
UK
Posted Anonymously
12 years ago
Feb 25, 2010 21:30
I'm short from 1106.5 but also position at 1101. Price as I type is 1105.8 .

Pipster
birmingham, UK
Posts: 111
12 years ago
Feb 25, 2010 21:28
Thankyou so much NZvik - Always willing to help
nzvik
Auckland, New Zealand
Posts: 225
12 years ago
Feb 25, 2010 21:14
Pipster,

I am bearish on gold - but currently have no position on it as i am not sure where this is going.

1110 resistance held today - so if you are already short - then i would get out if 1110 is taken out - that is the 50% retracement of this current down move from 1131 to 1088.
The problem is 1110 could be broken and we could trade 1112/15 - and then make the move down towards 1085. The Euro has to go back below 1.35 for gold to start following.

Good luck
Yuwono
Jakarta Utara, Indonesia
Posts: 5
12 years ago
Feb 25, 2010 20:46
Alaidi, what your opinion about IMF's gold selling? China wil buy it? If, so, gold could rising? Will damage gold bearish structure?
Pipster
birmingham, UK
Posts: 111
12 years ago
Feb 25, 2010 20:20
NZvik,

That chart looks frightening because it seems that gold is going up. I hope it doesgo higher than 1110. Are you guys bearish. I have still got some short positions. I doubting myself and not sure if that is wise. Any thoughts