RANDGOLD

waverider2,

Appologies, didnt read ur message till today..

ta
G

I think the recent sell off could have been too much.

There is still a MACD and OBV bullish divergence

Trend line must be broken before this can go up. The last rise bounced off the trend line - missed that short opportunity. I am planning to go long once the trend line is broken.

any thoughts?

dl.dropbox.com/u/4385922/rrs.png

Long standing gap being filled with a vengeance lol

dl.dropbox.com/u/4385922/RRS%20hourly.png

A close above the 20 MA daily line could potentially test the down trend line again

This ones currently at the 100% fib retracement so worth a long with a tight stop.
This ones a day trade and very risky as this can move very fast. stops would have to be about 50 points due to the volatility. as i type its at 4471 just below 4480 support.
Like i said this is very risky

This should be a free trade now

This is testing the level again...
Its way too risky for another attempt at long so id stand a side for the time being...
Its never good when it bounces of a key area then retest the same level latter on in the day. Its more likely to go through....
Gold currently is down over 120 points so hence the risk