Gold

Hi Longterm, hope your keeping good.

Yeah Randgold short was a no brainer, but i didn't take it on!! doh!!

Anyway gold, still more down imvho.
Maybe a small bounce around here, as the rsi is at 20/100 level.
Any rallies should be shorted.

The chart below(some candles missing on it, no idea why) is quite interesting atm.
the red circle, anyone, any ideas whats about to happen there??

atb, wdik
trendfriend

Trendfriend,

I'm well thank you. Hope your all good?

I see your still trading, I have been so busy lately, I haven't done any trading. I did say I was getting back into trading, then work went crazy!!

Didn't take the short.

I'm looking at gold for $1000, trying chart again.

I'm good longterm, thanks.

me too mad busy at work, so been taking it easy on trading, especially cfd account, mostly just buying longs in actual sharedealing account.

Anyway Gold.
i agree, very bearish.
I was trying to point out the 50 day ema line, crossing down into the 200 day ema line.

Not sure if my chart was showing the correct data.
If it is correct thats a death cross

Major bearish crossover if its correct, maybe someone with Metastock charts can confirm it that crossover please??

atb, wdik
trendfriend

Is gold at a crucial point?
If 1240 goes, then 1208?
Looks long term to 1125?

Ta
G

I'm looking at gold closely as it seem to be break ing out of this big triangle

Take this with pinch of salt please, because i don't have a clue what it is, and because its in triangle and in strange place, but it looks for me like a cup and handle formation with potential long term target around 1530