Gold trading today 29 Jan 2009

Gold is correction to drop,this down move is not strong,so we only do short trade to sell gold

Sell gold 890-892 level and sell one more time 901-902 level
Target 882-876-870 and 868 level
Stoploss above 897 level for intraday trading,if we sell one more time around 901 level,cutloss above 903 level and stay out if gold break this resistance.
If my view is correct,gold will drop more to 855 and 844 level in next 3days

weekly trading 26 Jan 2009- Good luck for everyone in new year!

Gold is very risky for the seller in next week. Follow my view posted last week is keeping to buy gold with cutloss bellow 839.Buy at 843-844 level.If you still holding short gold,it was dangerous for your margin now.

So gold may drop to 876-881 level then go up in coming week
Buy gold 876-881 level
Target 913-930-946 level
Cutloss below 867 or 872 level

Eur also got signal to rebound up,will test low in early week then it is going up
Test buy Eur/Usd 1.2860 or 1.2905
Target 1.3080-1.3130-1.3205 and 1.3410 level for week trend
Cutloss below 1.2840 level

Jpy is the same direction with Eur now
Buy Jpy around 88.50-65 level
Target 89.80 - 90.10 - 91.50
Cutloss lower 88.15 level

Aud is also stronger with strong gold bounce up
Buy Aud 0.6460-70 level
Target 0.6650-0.6730- 0.6790 level
Stoploss below 0.6430-50 level

Crude oil of march had a big move rebound last friday
Buy Crude oil of March 43.80 - 44.50 level
Target 48.60- 49.50 and 52.30 level
Cutloss below 42.50 or 41.30 level