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Thank you for sharing this idea! My view is there could be a new low below 1045, a wash out and a bounce.
CoolCreekCTA
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You were a few days early but now TPs 1 & 2 were achieved last night and we just pulled back to resistance level at 1074-75. Do you have a current opinion? I was short last night at 1084.5 and now flat.
TheAnonymousBanker
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hi CoolCreekCTA, next our updates about gold, are available only in our "private forum"... sorry...
BCMel
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TP stands for ??? Friday's breakout hits your TP2 bang on. Where to now?
CoolCreekCTA
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Like you, I am just browsing charts to see what other people I respect r doing. I was 1 day early on my buy of gold, but I went short last night at 1084.5, took profit at 1074.
TP stands for target price. I don't have a new trade idea to share right now. Will just watch to see if gold can rally back to 1081, likely resistance area, and go from there.
Good luck
BCMel
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You could be right here. Gold's rise certainly stalled today in Asian trading. Comex slam down on the cards tonight.
GuillaumePanot
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thanks for your chart. I would like to add : the Fed is preparing an increase in IR which brings downward pressure on gold. SL are really mandatory if you think to go long.
marcus123
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it was worth a try!
CoolCreekCTA
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it 'was' or 'is' worth a try?
CoolCreekCTA
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I bot @ 1055.9, will use 1052.3 as stop, hope Yellen doesn't spook the mkt tomorrow, she cud cause it to rally, might need to go flat over night