XLaboratories
Long

LONG TERM GOLD SETUP

COMEX:GC1!   GOLD FUTURES
Summer is a good time to buy gold             and keep it till late autumn, it can save us from the wild swings of other markets-
during the summer the gold             market is moderately bearish because of new drillings, low trading volumes, poor demand. this setup is only for a long-term trader who need some safe harbour to dock during the storm.
Buy Area reached, I ll begin to accumulate gold related long positions (initially i will go long with GBP/USD)
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IvanLabrie PRO XLaboratories
Excellent.
I'm studying the chart for entry. Will play daily swings.
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XLaboratories IvanLabrie
i am long on GLD from now on..that s a really good price to pay for the shiny metal ;)
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IvanLabrie PRO XLaboratories
snapshot


Watching this 1.618.
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thx for sharing..i have a different view
Gold triggered bearish H&S


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MaryJane MaryJane
and here the big one!
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thx for sharing too, I see you are pretty adverse to the gold rising standard, i think it s a kind of asset with very little propension to such big down move, but hey anything is possible in this weird world.
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IvanLabrie PRO XLaboratories
snapshot

Greece drama makes people think risk off rally, and also makes people go bear on Euro/bullish on the dollar.
I think we will see a fakeout lower, into your buy zone.
Agree 100%.
This would be a nice rally, but ultimately going down again once more. I aim for a bottom around 980+-50.
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IvanLabrie PRO IvanLabrie
Gold: Interesting Gaussian distribution
+1 Reply
buy support area almost reached, ready to open long position on Gold
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