GOLD 0.51% $1,391.7 gold futures

Trading looks similar to what happened in March, but in...

  1. 320 Posts.
    Trading looks similar to what happened in March, but in reverse.

    Went above $1000, then came back down below. Didn't quite make it back above, then retreated heavily as longs closed their positions.

    Now we have it going below $850, comes back above, but hasn't properly pierced it again today. Now according to this article - timing is the key. So maybe those chasing it down shorting it - may be getting burned this evening. Fingers crossed - but I find this interesting and pro trading companies must be following it - triggering activity.

    http://www.kitco.com/ind/Gilbert/apr302008.html

    See what you think.
 
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