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  • Gold Target for Week of July 27

    Posted on July 27th, 2009 Chris P. 1 comment

    Signal: Strong Buy

    Buy: $945 | Stop: $939 | Target: $971

    Gold was extremely quiet late last week so I’m looking forward to some action this week. In a positive tone, gold held above $950, giving no way to the lower side. Instead, we saw gold build up around the $950 stage and what I think is creating the scenerio for a gap up to $971-$984 this week or next.

  • Gold Target for Week of July 20

    Posted on July 20th, 2009 Chris P. No comments

    Signal: Strong Buy

    Buy: $945 | Stop: $933 | Target: $981

    Finally… I’ve been waiting for gold to break the $950 mark and it will today it seems. Last week we dashed upon an uptrend and we are posed to hit $980. My official target will be $981, its a very high target but I think this might be a large week for Gold. Helping this theory, the dollar is about to crumble. In the short term, $952 is our target, but later this week I’m looking at $981. The last few weeks Gold has been setting up for this big leg up. If everyone listened to me and got in at the early 900′s, you would all be sitting pretty! Enjoy trading everyone!