Buy the dip!

Well, I'm watching Ben. Ben watching the shoreline as lifeguard but he took off for short break for two days.
Tide receded slightly below 1300, that's the line in the sand.

But, I don't see sharks yet. .so stay the course. Hold that 1300 line!

Long!! See v6, post #2424,#2470
I'm on the bulls team for now.

We need the front line bulls to hold their ground and build up the wall of defense at 1300.

I'm holding the secondary line of defense at 1250.

This post has been edited by danmooncake: Aug 2 2013, 11:58 PM

I'm still showing above 1300 as of Friday close. So, don't worry about it.

Nope.. actually, another festival (we all know what it is) coming in two months time.

So, watch that price movement. Make your mark and score some dough.

Still holding here... let's move the front line prawns up to 1350, I'll move my support wall to 1300.

Don't be so sure yet.

In order for Gold to "less likely" visit the lower price, you need at least $100 buffer or spread or higher.

Gold can move $50 a day.. it's that easy because its' all by percentage relative to all other commodities.

Guys,

I wanted to let you all know I will 'taper' my longs holding around 1385-1395 area.

Here comes my exit... ka-ching.

Half gone at 1395..

Keeping the other half with trailing here. If it can burst thru 1400, so be it. I'll let them ride.

I dunno man - I don't play Ringgit in relation to Gold. The 3rd party exchange made Ringgit a losing trade either long or short side.
USD to Gold is good now, Yen to Gold is bad. That's the two currencies I play in relation to Gold.

Right now, Gold up, USD up, the others down.


I'm still holding the other half.. either break 1400 and drop back to 1350. Raising my stop to 1385.

It was a nice dip.. I've reloaded at 1390. Back in full position.
I want see it burst thru 1425 and go to 1450 as next target.

I'm out of all my long gold position.

Err.. no. I'm staying the long side to play this time.

Price target: 1425-1430 and I''ll be out.

1325.. I'm out. Looks like long side doesn't work this time.
Waiting at sidelines to see 1300 can hold or not.

Got back in. 1325 is the line in the sand. It won't go down below 1300, then it must go up!
Staying long again.. I wanna see 1425-1450 this time.

Darn it.. testing 1325 again.

Tough to trade on long side when US govt wants to shut down.
$vix high. Gold also got sold off.

Need to get some PUTs in place.

Gawd dang.. thank goodness for the PUTs.

Short covering.. I had to do it too yesterday. It's expected.

Now, let's dive again the next time. Roller coaster rides.

US market.