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  1. #1
    Active Member rongold's Avatar

    Weekly Call on Gold !!!

    Call on Gold after meeting support area at 1180$ per ounce.
    Weekly Call on Gold
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  2. #2
    Master Member vinayakm's Avatar
    This is definitely a good trade and should end in the money. I knew we would see the $1200 level and now there should be a bounce back to $1300 over the next couple of weeks. This is purely off the technical charts. But even the fundamentals point to that as we all know that the Fed is hoping for a downturn to continue with their stimulus.

    A downturn is almost inevitable now.

  3. #3
    Veteran Member Ammeo's Avatar
    Quote Originally Posted by vinayakm View Post
    This is definitely a good trade and should end in the money. I knew we would see the $1200 level and now there should be a bounce back to $1300 over the next couple of weeks. This is purely off the technical charts. But even the fundamentals point to that as we all know that the Fed is hoping for a downturn to continue with their stimulus.

    A downturn is almost inevitable now.
    I personally dont think there is going to be a bounce back to 1300 too soon, atleast not in 2013. Some analysts are now predicting a 1150 level in the near future which is probably what is going to happen. 2014 may start as a correction year for Gold.

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