Saturday, July 16, 2011

Gold entry technique

Hey folk

I also do trade gold Comex recently and this is how i trade it.



You can see that, a rally will come when the W% is coming out from the -75%.
Recently there is a triangle being formed. Remember it will breakout at about the 70% mark of the triangle, and a opposite direction rally will come.

My take is this precious metal will move so much higher by end of the year. About 300 dollar from now.

Always trade with stops. Never get emotional. Never make a trade base on your guts feel

Nth is ever 100%