Gold

all due to opex.

1713 important level to hold on closing basis....

dl.dropbox.com/u/40497882/Gold28Nov.JPG

A brake of TL and 1700, gold will see 1680 very quickly so any longs must have stops below TL/1698 area....all depends on your risk of course...


rgds TB.

I have been betting only 1gbp per point which I really did not mind even if it was going down to 1680. But now my dear wife put in 10gbp per point so I am loosing more than I wished for. I have just transferred 10k to cover the equity but this is my final lot. Any chance to come back to 1745 from the current level.
Doomed. Many thanks. RG2

RG2 - long term gold remains bullish in my view, however short term gold really needs to stay above 1713/1700 and if it can close abv 1727 then it will have a good shot at testing 1747/8 as an initial target.

If gold cracks below the lower numbers then i think it has a good chance to test 1680/90, failing that 1660/40 area.....

this is all in my opinion and does not constitutive as advice.

hope it all works out for you.

dl.dropbox.com/u/40497882/gold1hr.JPG

WaveSurfer wrote: RG2 - long term gold remains bullish in my view, however short term gold really needs to stay above 1713/1700 and if it can close abv 1727 then it will have a good shot at testing 1747/8 as an initial target.

If gold cracks below the lower numbers then i think it has a good chance to test 1680/90, failing that 1660/40 area.....

this is all in my opinion and does not constitutive as advice.

hope it all works out for you.

Could Gold be heading back down to 1630-1640 area in a A B C correction?

dl.dropbox.com/u/43650856/Gold%20daily%20-%2029th%20Nov.htm