Gold

Gold is approaching a few levels of support and maybe it is time for some stake building.

There are price,55ema, and 38% fib supports between 1715 & 1725

And 50% Fib with price support near 1690 area for stops.

Oops try this for chart,

dl.dropbox.com/u/43650856/Gold%20daily%20-%2019th%20Oct.htm

1690 does it for me

That's a nice email you got there Tradesmarter??

Hi, I am heavily loosing at the moment. I know I should have sold it at a early loss. My positions are from 1774. Please advise if there are any chances to go up from this current point 1700 and what could be the lowest point gold co go down. Many thanks. RG2

This may not comfort you but I took 2 long positions on gold today at 1702 & 1701 and may add 2 or 3 more as and if it goes down to 1690 with stops ranging down from 1675 to 1665.

dl.dropbox.com/u/43650856/Gold%20daily%20-%2024th%20Oct.htm

There is 50% fib and price support there so reasonable chance of a bounce there.