Gold just popped above 800 and I have stopped myself out (GCZ8 at 801). The weekly looks like its having difficulty staying below 773. Daily chart looks like it will form a big white candle for today. So I am taking myself out of this market first and re-assess.
Looks like we are going into a difficult sideways non-trending mode between 773 and 845 now. Time to leave this market alone and move onto something else. It has been a fantastic ride since 07Aug08.
Addendum (11:49 pm) : Order to re-establish short at 843 filled less than 3 hours after stop out. Incredible!
17 September 2008
Gold
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2 comments:
Why short at 843?
Jeff
You are absolutely right. Market has exploded and I am out at 866.
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