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Harmony one last buy at R74 ?

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What do you guys think? Maybe R74 again if 78 doesn't hold... 1 last chance to buy close to 74ish before we go up? Looks like gold might come down to 1165...hmmm
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13 REPLIES 13
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and the drop has started.....under R77 now should find support around R74 again
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kwagga
Super Contributor
Be careful with this one. If the head and shoulders on the DOW confirms we can see a drop to the 9000 level, and it will take Gold down with it.
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Firstly I didn't see it coming down this first, sho! But don't agree with you on that. I think there is limited downside OF R70. Gold won't necessarily drop with the Dow. but thanks for your comments :)
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Firstly I didn't see it coming down this fast, sho! But don't agree with you on that. I think there is limited downside OF R70. Gold won't necessarily drop with the Dow. but thanks for your comments :)
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Firstly I didn't see it coming down this fast, sho! But don't agree with you on that. I think there is limited downside OF R70. Gold won't necessarily drop with the Dow. but thanks for your comments :)
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Already looks like we bounced off 74ish support. . and gold bounced off 1172. I'm in!!
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SimonPB
Valued Contributor
falling knives ?? anyways here's a view from a gold trader, who will also be on my show tonight .. http://bit.ly/aH4iM4
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It's so interesting how different traders read the charts so differently...!
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SimonPB
Valued Contributor
that why we have trading .. if we all read the charts the same, there would be nothing happening ..
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Yes Simon that makes the unknown so much fun...
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75,75 with closing auction - gold above 1192... looks like a good call so far..next stop 1200 then retest 1185 then 1220 ;)
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