Virk13

Virk13 Updated 

So Gold did its thing - it went and took out the liquidity that i mentioned in my previous post (around 17 level). Although it did extend itself to a nice round number; 1910. Now that this move is complete - we should be looking at the 1950's. Buy the dip is still the play for now. Nothing fundamentally has changed. Although, i would watch out for volume around...

Virk13

Morning All, Another day - another dollar. We can see the market consolidating at these 1920-1940 levels. The big boys continue to stop hunt the late buyers (as seen by the wicks on the hourly frame). I think this week we will see 1950 first - face some resistance but then head for the 66-70 level. Ultimately end of this week or next week we could see the...

Virk13

Hi All, I mentioned last week that the big boys are hunting the recent lows and buying in with the objective to head back to swing highs. Friday we saw exactly this. This is not a buy and hold market. Key is timing of entry, getting the direction right (of course) and exiting at the right zones. This is not a trade off indicators type of market in my opinion....