转发---Gold: Bottom is nearing

tauruscat

Gold: Bottom is nearing

Tuesday, 27 May 2008 07:32 pm GMT

    * Market Commentary

Spot gold broke down considerably from daily high of 931 as traders finally took profit ahead of roll over of future contracts. Weakness is expected to continue till NY session tomorrow(atleast). Buying interest is noted between 898-905.

    * Technical analysis:

Spot gold is extremely oversold and due for a bounce from here. The bounce would target atleast 908-910 region. If the bounce extends above 911 then it could target 918 as well. Look for a reversal around 901~903 region



    * Strategy:

   1. Long at 901~903
   2. Stops < 895
   3. Target 908~918
   4. Use trail stops to extract maximum profit.



    * Trail stops:



   1. Move stops to 901~903 on break above 906
   2. Move stops to 905 on break above 910.5
   3. Move stops to 909 on break above 915
   4. Move stops to 915 on break above 918



    * Risk Management:

Risk Reward Ratio is favourable



    * Trend:

Time period	Direction	Comments
1 day	Sideways up
1 week	Up
1 month	Up	Up since 878, May 15
1 year	Up

BC1410

kwy

Thanks~~

JKL

原帖由 tauruscat 於 2008-5-28 06:30 AM 發表
Gold: Bottom is nearing

Tuesday, 27 May 2008 07:32 pm GMT

    * Market Commentary

Spot gold broke down considerably from daily high of 931 as traders finally took profit ahead of roll  ...

thanks

Touch

thanks for your hard working...!

material

tauruscat

&#20030;手之&#21171;而已.

tauruscat

希望&#23545;大家有&#24110;助!