FDNYret
Long

Gold will soar to higher highs.

FX:XAUUSD   Gold/U.S. Dollar
Since last November Gold             has made higher lows, $1130, $1142, $1162 and last week $1168. After the November low of $1130, Gold             rallied to $1307 in January. Since that time Gold             as been consolidating. After the low of $1142 on March 17, Gold             has had 3 higher highs, $1219 on 3/26, $1224 on 4/6 and $1232 on 5/16. I expect Gold             to rally above the last high to $1238. I'm long GLD             $112 calls that expire in the last week of July. I intend to sell a third of them when Gold             hits $1205, another third at $1220 and the last third at $1238. If all goes to plan when I sell the first third, I'll consider exchanging the 112 calls with higher strikes to limit risk. My stop would be at $1162. I am bullish on Gold             this year and expect a rally to exceed the high in January. The coming default by Greece should provide the impetus for a rally in Gold             . When Russia defaulted in August of 1998 gold             rallied 12% over the following 2 months.I expect the stochastic indicator to turn positive this week on the daily chart . Long and Strong Gold             , xauusd            
forexvnn
a year ago
Thank for sharing your opinion
Reply
FDNYret forexvnn
a year ago
forexvnn, You are welcome. If you trade stocks also, see my short Facebook posts. I'm long gold and short FB. Good Luck
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out