Tuesday, October 25, 2011

25th Oct 2011–Mum, there is GoLD in there!

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

157.80

 

 

 

158.00

 

 

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

  1. Price touch the down part of the flag formation. Safer for an entry.

 

Lesson Learnt:

 

  1. According to textbook, this flag formation could lead to more downturn, we will see.
  2. After purchase, price has gone up on top of daily 123MA line and now sitting on the 18MA line.

 

Intraday Chart

clip_image001

 

Fed to try talking first with QE3 in reserve - The Fed - MarketWatch 2011-10-25 07-31-07

Historical Chart

     

    clip_image002

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