转--Gold: Bias to the downside

tauruscat

Gold: Bias to the downside

Friday, 06 June 2008 12:13 pm GMT

    * Technical analysis:

Spot Gold headed higher however it suffered a false breakout of the rising wedge. The down move should be relatively strong. Spot gold turned down from pennant resistance line as well. RSI is weakening.





    * Strategy:

   1. Short at 888
   2. Stops > 890
   3. Target 872~876
   4. Use trail stops to protect profit. Exit in target region unless specified



    * Trail stops:



   1. Move stops to 885 on break below 880
   2. Move stops to 880 on break below 87



    * Risk Management:

• Trend:

Time period	Direction	Comments
1 day (Short Term)	Down
1 week (Mid Term)	Up
1 month (Medium Term)	Up
1 year (Long Term)	Up

Thought888

谢谢。

blue1

thx!!!

tauruscat

Markets failing again            PDF           Print           E-mail
Written by King Of Gold   
Friday, 06 June 2008 12:44 pm GMT

Markets have suffered another bull trap or false breakout. Look for some weakness here.



Strategy:

   1. Short gold at 888~890 with stops above 892 and target 876~878
   2. Short Silver at 17.31~17.36 with stops above 17.40 and target 17~17.1
   3. Short Euro at 1.5670 withs tops above 1.5700 and target 1.5600~1.5620

Next >

kwy

Thanks~~

tauruscat

Gold: Breakout failing            
Friday, 06 June 2008 12:55 pm GMT

    * Technical analysis:

Spot Gold failed to capitalise on any breakouts. Action is choppy and wave 2 decline should begin soon. RSI is giving a bearish divergence. Price also failing to breakout above the pennant.





    * Strategy:

   1. Hold Short (888~890)
   2. Stops > 892
   3. Target 876~880 region
   4. Use trail stops



    * Trail stops:



   1. Move stops to 888 on break below 885
   2. Move stops to 885 on break below 880
   3. Move stops to 880 on break below 878



    * Risk Management:

Risk Reward Ratio is favourable



    * Trend:

Time period	Direction	Comments
1 day (Short Term)	Sideways
1 week (Mid Term)	Up
1 month (Medium Term)	Up
1 year (Long Term)	Up

Touch

原帖由 tauruscat 於 2008-6-6 08:55 PM 發表
Markets failing again            PDF           Print           E-mail
Written by King Of Gold   
Friday, 06 June 2008 12:44 pm GMT

Markets have suffered another bull trap or false breakout. Look for some weaknes ...

"3. Short Euro at 1.5670 withs tops above 1.5700 and target 1.5600~1.5620"
Short Euro arround @1.5680~1.5690 with stop above @1.5730 is quite OK la...thanks!

JKL

原帖由 tauruscat 於 2008-6-6 09:14 PM 發表
Gold: Breakout failing            
Friday, 06 June 2008 12:55 pm GMT

    * Technical analysis:

Spot Gold failed to capitalise on any breakouts. Action is choppy and wave 2 decline should  ...

thanks

RAF

thanks