FD sucks. I play gold 1month can get at least 5% if hit and run at correct time.

Nvm

This post has been edited by hongchai888: Oct 7 2011, 04:32 AM

Why the spread for UOB so low? Looks like market spoiler lol.

Gold price seem drop dramatically as soon as Europe market open, how low can it go?

With the USD and gold price now, I think the price on Monday should be around 169-170

Most of my friend entry at RM 178-179, money get lock for a while

I thought I came in a dispute section after see post above.
I think gold has hit the bottom line at 1600/oz by seeing the chart recently. The investor will quickly buy in when price drop below 1600. Now the question is, gold need how long to climb back 1700 since USD also keep raising.

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Added on October 9, 2011, 11:29 pmPls refer here for the latest USD rates http://www.forexpros.com/currencies/usd-myr

For UOB bank USD selling rates, always mark up 0.40 from the website above, So on Monday USD rates for UOB bank should be around 3.2292

This post has been edited by hongchai888: Oct 9 2011, 11:30 PM

MYR has grown stronger after the announcement of the Malaysia budget 2012. Today bank USD selling rates around 3.200. Pls note different bank got their different rates.

Attached herewith a graph that I get from some China gold forum which I found quite accurate.

Attached herewith a graph that I get from some China gold forum which I found quite accurate. Gold has break 1645, next will look for 1680




Attached thumbnail(s)

Hope gold will up some more and USD up a bit also, then tomorrow I will proceed to sell, start to earn my first 3% this month

Nola because I study those China gold forum, know what is the rates they normally buy and sell. Hit and run strategy. I invest quite a huge amount, so 1 month 10% profit is my main target. Below is one of the example from the forumer there (Google translate if cant read chinese )

综上所述：在基本面上，欧债危机再次恶化和漫延，市场风险偏好情绪受到进一步的打击；但实物买盘和全球通胀对现货金也有较强的支撑。在技术面上，现货金今天仍然面临一个震荡的格局。

现货金晚盘建议:震荡格局 。美洲盘开盘前回测1648（338.23）-1650(338.64)附近短多，目标1662(341.1)以上（1662-1666-1678），止损3-5美元以上；上破1666(341.92)，可看至1676(343.97)以上。再次冲高至1678(344.38)-1680(344.79)附近可短空,目标10美元以上,止损3-5美元以上;下破1648，可看至1637(335.97)以下。

日内支撑：1595-1610-1625
日内阻力：1666-1680-1698

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Added on October 11, 2011, 7:25 amTarget achieved right before Europe market close. Interested to know today movement? Stay tune.

This post has been edited by hongchai888: Oct 11 2011, 07:25 AM

Here you go. Actually many forumers has PM me for the website. Please register under my reference so I could get some gold coin.

Gold coin is needed to buy gold graph from those senior member. I am still waiting my admire member to post up his graph for today.

http://bbs.dyhjw.com/?fromuser=hongchai888

Thx bro Actually my purpose to buy those graph is to post it here only, I understand not all Lowyater know to read mandarin.


Graph updated :

If gold manage to break 1689, then it will travel further to 1710, if it drop below 1670, it will drop further down to 1660.

(please note above not predict by me, I just translate from the website I mention above, use at your own risk)

This post has been edited by hongchai888: Oct 11 2011, 10:53 AM


Attached thumbnail(s)

Gold has dropped to 1660, this is an important support price, if cant hold, it will drop further to 1640.

Anyway, is just a typical drop moment in the market as usual if u realize. Lets hope it can hold and bounce back soon.

Nope, 165x just stay for few minutes, very fast already head back to 1660. As I said, its a strong support at 1660, if price bounce back to 1670, it will head back to 1685.

This post has been edited by hongchai888: Oct 11 2011, 07:26 PM

Clever nub

I am not sure u will feel better or not if u hear this, many of my fren entry at 177-181, before the big dip. Gold will eventually head back to 1900 after certain of time. Btw how many gm u invest?