Hmmmm how big a trade do you think it would take to take the gold market down $8 in 2 minutes?
Someone taking a very big short or cashing out some serious coin.
My bet is gold will close below $1250 by next friday.
For now i went short at $1363 and moved my stop to breakeven already.
Won't hesitate to buy below $1250.
Don't forget the only way to actually make money from gold is to actually sell it at some point for more than what you paid for it(or buy it for less than what you sold it for in the case of going short).
Gold doesn't interest me much, i just like money!
Ps: to calculate my short entry i just went 1% above where all the short stops would be hiding, eg: $1350.
Short run followed by a fall, i could be wrong but have no risk already so it doesn't matter if i am :).
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