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樓主 |
發表於 2011-7-21 05:16:15
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Seem Gold want to close above 1,600 and Silver above 40!
Just 5 minutes left, before closing on my ...
piggy3616 發表於 2011-7-21 04:56 AM 
They made it! Gold closed at 1,600.35 while Silver closed at 40.002.
But I expect Asian market, Gold will fall back a bit.
Based on 20th July data, I list up the data for 21st July.
R3: 1,625.79
R2: 1,612.99
R1: 1,606.67
Pivot Point: 1,593.87
S1: 1,587.55
S2: 1,574.75
S3: 1,568.43
Normally, Gold will trade within R1 to S1, that mean 1,606.67 to 1,587.55, especially during Asian market.
Pivot Point is the middle price.
In uptrend, it serves as support and normally before reaching this point, it will rise up.
In downtrend, it serves as resistance and normally before reaching this point, it will fall down.
So, on 21st July Asian market, I expect the trading range will be 1,593.87 to 1,606.67.
Emperor is low water for around US$1.3.
1,593.87 - 1.3 + 0.5 (spread) = 1,593, as buying price, probably a good price for squaring my selling orders.
Well, I may square my selling orders at any time, when I feel it can't fall further, or simply at any time I want to complete the trade. |
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