I am looking for a long entry in Gold around 1350-1355 to hold the channel up to 1420 and provide the Cup in the Cup&Handle. This will probably align with the Fed saying they are still not tapering and give us some push up before the Sept announcement.
Comments
MarketAlly
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1420 hit - I am flat from yesterday but will be watching the action around 1410
pointsnfiguresce
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I'd buy puts when gold hits 1400. I'd also start selling gold volatility
MarketAlly
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exiting position - a strange movement in the markets make 1398 new resistance. Other markets have better risk/reward IMO
MarketAlly
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1420 in view
MarketAlly
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moving stop up - only willing to risk house money now.
MarketAlly
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The Fed should report they will not taper which will push this up to the next level but I suspect it will be sell the News.