The chart is very scary, MACD and RSI both extreme oversold but still downside risk is high as well as the upside reward. will start buying Jan 14 30 call now and will add more. Join us woowtrading.net
tnx for your Chart! Gold Looks still bearish to me with the possibility of of reaching the 1320 range if it can cross the 1300/1304 range. then a take Profit may occur again. as Long as the speculators are not entering the pm i will not open further Options calls on the mines and etfs as the momentum is missing. opend some 2015 calls in the area of 1230 to 1250. we will see how the seasonal trend will work out in August,september, october on the pm and the miners.