Thursday, September 12, 2013

All things shiny...

I will elaborate more on this later but for a ST trade I am long gold via /YG @ 1635. My stop is right around 1620. The 1st chart is one that I have posted before but it has been several months. I believe gold will rally back to the horizontal dashed breakdown zone over the intermediate term. However, my expectation is 50-75 points over the next week or so.

ps- I have limit orders to short the /ES @ 1695

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