GOLD v/s USD.: changing co-relation
- Thread starter sdalal
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- Tags analysis bullions currency dollar forex analysis gold gold research metal silver technical technical analaysis trend following
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Re: Gold -Short situation.
............ 10% bounce in gold is pending also dollar going higher.
because of technical pattern which is suggesting /DX for a correction up to $75.5-76 which is the level of around 11th December 09 where Gold was at absolute peak. Also I have technical pattern indicating that kind of levels.
/DX did corrected all the way till $79.63 from $80.50 where I said it will correct and get back into channel... indeed in closed yesterday back in channel and same thing happened with Gold
/DX did corrected all the way till $79.63 from $80.50 where I said it will correct and get back into channel... indeed in closed yesterday back in channel and same thing happened with Gold
Re: Gold -Short situation.
You bet those were easy $1000 bucks... had picked 25 units @ 1055 and sold them at $1096... but I was trading gold on a shared account and had to keep only 50% profit grrr
...
picked 10 units on my own account this time @ 1079.. lets wait for a break out above the channel.
You bet those were easy $1000 bucks... had picked 25 units @ 1055 and sold them at $1096... but I was trading gold on a shared account and had to keep only 50% profit grrr
...picked 10 units on my own account this time @ 1079.. lets wait for a break out above the channel.
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