Interesting r/r in Gold

[Saint]

Absolutely! I think with good intermediate corrections this seems like a real long term move.

Nautilus

......and now at 526.Silver at 9.0.Neat blast off in both.But although time of excitement,it's time for caution.Not yet time to sell,time to hold,but not time to buy if looking at the longer term perspective.

Saint

 

[Trader_Guy]

Hi all, could some guide me as to where can i download data for Gold/ Silver etc?
Thanx

 

[adilsaleem]

can we have a latest update on gold

 

[nautilus]

Hi All:

An update on Gold currently trading at 504.20

The current anti-trend move (from 540 down to 499) based on one of the 5 day swing pattern looks like being completed. (profit:loss probability is around 55%) and the risk:reward ratio is 1:6.8.

Although the profit loss probability is slightly lower compared to some other patterns - the r/r scenario looks compelling.

Entry 504.20
Sell-stop 500.50
Profit objective 529.50

Will update on the trade as and when.

Good trading

Nautilus

 

[nautilus]

Hi All:

An update on the previous gold trade. The stop was triggered and a loss of $370 was taken.

More later.

Regards

Nautilus