Gold

Yep, closed my short at 1705 too but I think I'll wait and see if it tests the shorter term uptrend at 1684 or the 61.8% Fib of the last rise at 1697 before going long:



dl.dropbox.com/u/20815047/Golddaily15_11_12.gif

In the event that it does rise from here I could always just go long on a break of 1739 instead...

I think you may get your wish for that entry of 1697/95 Jackozy...

dl.dropbox.com/u/40497882/GOLD_2in1_InvH_S_CNH.jpg

rgds WS

watch 1737/39 area on gold and esp a break of that neckline..

Gold is looking ripe for a break.

DYOR

Dont forget the 123 low

If this can finish above 1739 then that will give the 123 low signal .This then should head towards the trend line at 1780ish.
so basically looking to add to my existing longs.
The 123 low is for the short term only as it needs higher highs to continue hence why the 123 low could be a factor. For proper 123 lows would be used after a long down turn. Im using this for the short term trade as gold is still in the bull market and in a clear up trend .So basically looking for the resumption of the original trend.
Hope that makes sense

dyor