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Gold Target for Week of February 22nd
Posted on February 22nd, 2010 No commentsBuy: $1115 | Stop: $1106 | Target: $1149 | Quick Target: $1135
Hey guys, I don’t see gold breaking past the $1150 barrier this week although I see it in the future cards. Look for the quick move up to $1135 and start your buying around $1115. For all the gold bugs out there, we should be at $1500 right now but you can thank the Euro zone for ruining that party. Until Greece figures out their debt problems, gold will not be off to the races. Happy trading!
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Gold Target for Week of November 9th
Posted on November 9th, 2009 No commentsBuy: $1090 | Stop: $1080 | Target: $1110 | Quick Target: $1100
Well if you read my last gold report, you are laughing to the bank. Gold has surged and I believe we will see it continue to surge the same way we saw oil a year ago. $1110 is my high target and would be the first place I take my profits. I see a large support sitting at $1075 so anything above that mark would be my buying opportunity. If you want to play gold more aggressively, make your buy around $1085-90. Enjoy trading everyone!
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Gold Target for Week of October 26th
Posted on October 25th, 2009 No commentsBuy: $1049 | Stop: $1044 | Target: $1072 | Quick Target: $1065
Gold is tightening up, which is a GREAT thing. It should eventually lead into a full break out but this week we might see some see-saw action between 1045 and 1070. I believe gold will make its run to $1100 sometime next week. At the very same time gold could make the approach to $1100 this week depending on what the currency decides to do. Watch the FX markets closely before making any rush decisions into gold. Happy trading!
