Gold = +750 pips
GY = +80 pips
GU = no trade.
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2 comments:
Hey Bujal38,
December 2, 2009 at 7:03 AMYou long or short gold?
What is 750 pips in gold?
Is that like USD 7.50?
BTW, cable is going to break soon and move pound yen with it.
Up or down? No clue yet.
Pattern is bull pattern so it may be up. If so, gold go up to, to test 1290.
AT this area, long 1.6655 on cable good entry for long push up past 1.69/70 to keep going. Stop 1.6575
There is another set up, down in 1.64 level, long or short, see if it gets there, then make mind.
Money print keep going, so risk trade keeps up and safety in gold is attractive for big hedge boys in New York.
Real estate shock in Middle East might make bigger one in the PIIGS (Portugal, Italy, Ireland, Spain).
Japan is going to make print, so this will make yen weaken, and pound yen go up. Everyone is now going to weaken their currency and cause trouble for every country.
Get ready for big crash when too much print over the next 2 years cause financial implosion.
Very much resistance up above in cable. Move stop to breakeven now and let it run. Potential target 1.70 area. Lock in 100 pip profit once 1.68 is step to.
December 3, 2009 at 10:34 AMWatch for one good burst in risk trade now, and then people will panic trying to cash in some profits before they disappear.
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