GOLD 0.51% $1,391.7 gold futures

Is Gold about to bounce?, page-200

  1. 4,488 Posts.
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    Yes I have taken a very small short position. Hard not to when gold is up against a big resistance level so running a relatively tight stop. But really the position is here nor there as its so small. If gold pops back over $1180 further short covering could well be seen & the Ukraine seems to be heating up again which may assist. So its certainly not the one way traffic we have seen in the last few weeks. I'm not bearish gold per se but bullish the dollar which I think has more to run. Perhaps this correction has more to play out, who knows. I am certainly keeping an eye on a few gold stocks for entry points as there is some ridiculously low priced stocks about.
 
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