Trading FxCommodities With Me

ashu1234

Well-Known Member
#22
Gold Epic Fall at its Best!!!
Without any indication of Fed tapering gold finally gave its much awaited fall which I was waiting. Enjoy gold shorts!!!
Can't say how much it will open in morning at mcx coz currency hit his spot high in international market in spot quoting at 59.5.
 

ashu1234

Well-Known Member
#23
Gold Update:
Finally Epic fall halted a bit, todays low so far 1322.89$. Previous low being 1321$. Panic on MCX? Not yet, still a long way to go unless currency settles down to 55-56$ which is not visible in recent vicinity. Next panic trigger will be if it breaks 1321$ low and heads straight to 1250$.
 

ashu1234

Well-Known Member
#24
Gold On the way to 1250 today itself!!!
:clap::clap::clap:
Sorry couldn't paste the chart here, its completely out of scale and so 'ed up.
 

ashu1234

Well-Known Member
#26
Gold struggling again on 1250$, Max upside on upside before NFP is 1275-1280. Downside is open and we can see 1150-1110 in coming days.

 

ashu1234

Well-Known Member
#28
is this 1250 (26210 Aug) level OK for SHORTING ?

suggest me please.
Yes this level is ok for shorting (For today) as we have a bit strong currency so it will help in bringing down price on MCX, but today is US holiday so on comex we can see some upside. But overall its a short.
 

ashu1234

Well-Known Member
#30
NFP readings bearish for gold(as expected).....
Hold gold sorts :D:D

Have booked partially below 800 :)
 

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