Gold Charting and Gold TA Chat

$1755 support being tested... options expiry thursday.

**Edit***... smashed we gonna see the %50 move everyone been talking about??
 
thatguy said:
$1755 support being .....
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smashed

4088_smashed.png
 
wrcmad said:
Not sure, but I'm out for now - very wild and volatile.
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Good Idea... am nervous about being long in this market (V tight stops set). Will close out sooner rather then later... more smack downs coming before Thursday option expiry IMHO
 
Well gold is look more weak, more volatile and more likely to breakdown then silver... tis a weird world we live in?! Can only think it must be options expiry shenanigans (closing longs here and adding shorts... tight stops) :) that for the oz JPM
 
thatguy said:
Well gold is look more weak, more volatile and more likely to breakdown then silver... tis a weird world we live in?! Can only think it must be options expiry shenanigans (closing longs here and adding shorts... tight stops) :) that for the oz JPM
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Thank god for tight stops as here we are @1780 again... can it smash through??
 
Good time to place a couple of shorts here... I am in @1779.5 with stops @ 1783... likely hood of getting over 1783 before Tuesday (apparently OPEX) are slim in my opinion
 
thatguy said:
Good time to place a couple of shorts here... I am in @1779.5 with stops @ 1783... likely hood of getting over 1783 before Tuesday (apparently OPEX) are slim in my opinion
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well that run set the hook now to reel em in
 
Possibly... As the actress said to the bishop; we will soon see!

This just in on the wire;

US DATA: Initial jobless claims +4k to 367k in Sept 29 wk, slightly ...
4. October 2012 22:30:03

US DATA: Initial jobless claims +4k to 367k in Sept 29 wk, slightly
lower than the 370k expected. There were no special factors, no states
estimated, and nothing unusual in the state data. The 4-wk moving avg
was flat at 375k in Sept 29 wk. Continuing claims also flat at 3.281 mln
in Sept 22 wk. A Labor analyst said NY got back on the extended benefits
list for the Sept 15 wk due to an unemp rate that was above 8% and also
110% higher than in the comparable period in one of the prior three
years. NY is the only state that is currently on the list.
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