QUOTE(hongchai888 @ Oct 10 2011, 07:34 PM)
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

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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
hmmm since i cant read chinese i put this up for others.
To sum up: the fundamentals, the debt crisis worsening and spread again, subject to market risk appetite further blow; but physical buying and global inflation on the spot gold also has strong support. In the technical side, spot gold today is still facing a shock pattern.
Gold's evening suggestions: shock pattern. Americas disk before opening back-tested 1648 (338.23) -1 650 (338.64) than near the short, target 1662 (341.1) or more (1662-1666-1678), stop-loss of more than $ 3-5; on broken 1666 (341.92), to be seen to 1676 (343.97) or more. Once again shot up to 1678 (344.38) -1 680 (344.79) may be a short space near the target more than $ 10, with a stop of more than $ 3-5; the next break 1648, you can look to 1637 (335.97) the following