ZarNegar
Short

The heavy fall

FX:XAUUSD   Gold Spot / U.S. Dollar
2333 11 31
During the next two weeks.
  Probably will be bad news for gold             .
The coming days. And perhaps at the beginning of October
  Gold             will fall to 1044
Take a look at your analysis 3 months ago

Very nicely done.
+1 Reply
Still shorting?
I guess you better run for cover
Reply
bracken bracken
There is no slippage in a dimensionless "synth". Go figure
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Comment removed
Dragon1 Stockman
I Sell gold at 1146 my sl 1164 my tp 1044 but now I close half of my position in 1126. it means correct call
Reply
bracken Dragon1
Re Dragon
Me too, but I sold thursday already near the top and covered everything monday. It,s all about a play for options/futures expiries and first notice which usually means about a 5% downmovement to the PM-metals. The call to short monday I beleive was wrong or in any case against the odds. We will soon find out
Reply
bracken bracken
Please notice that thursday last week was a strong up-day. Net from wednesday gold has hardly moved at all. That is highly unusual! "Usually" we should have had about a 5% down move by now or at the very last on first notice day (tomorrow). What conclusions do you draw of that? If any...

The reason we usually have downmovements around expirydays is backwardation (futures are cheaper than spot) which is a sign of scarcity of physical. Backwardation usually preceeds trendchange when the scarcity gets too large. There are about 100 times more shorts than available physical today. What conclusions do you draw of that? If any..
Reply
Dragon1 bracken
I`m agree with you Spot not so easy for trade I like currency for trade
Reply
So "probably" and "perhaps" gold will fall to $1044 in Oct. I see...
Reply
bracken bracken
Excuse me:
So "probably" and "perhaps" gold "will have a heavy fall" to $1044
Reply
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