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sumastardon

XAUUSD: GET LONG on open in Oz and you'll wake up richer

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
sumastardon  
FX:XAUUSD   Gold Spot / U.S. Dollar
goldlong LONG ON open in oz OR miss
7
2
goldlong long on open in oz or miss
XAUUSD: Gold - was bearish of gold on Friday. Now the wind's changed - completely - 180 degrees due to the Dollar breaking down. This should save gold from further falls as people flock to it as a shinier, safer safe-haven than the Dollar for a while. Worth getting long asap (NY will be too late for this) as Oz opens as the price is so low at 1228 it means a stop can be placed at 1224 for a 4 to $5 maximum loss if wrong. Upside from here could be considerable over the next few weeks if the Dollar tanks as anticipated looking across all Dollar crosses right now.
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