tag:blogger.com,1999:blog-1708908742323002823.post5818579395293379647..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold encountering resistance near $1650Trader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1708908742323002823.post-18880331853706299052012-01-12T02:35:57.555-08:002012-01-12T02:35:57.555-08:00So here we are this morning sitting on 1650 US/oz....So here we are this morning sitting on 1650 US/oz. I don't have an exact figure for the line you drew for Jan 10 saying,<br />"A push through this level will get the attention of the shorts." That looks to concern the Dec 13th levels.<br />I would just like to add that on a euro chart we are already through these levels. On a GBP chart we are there - around 1075 GBP/oz today - the Swiss franc chart is not far behind. Even though gold is priced in US dollars, it is physically bought in a multitude of currencies. If someone has been tinkering with the price of gold IN US DOLLARS - then they are about to be exposed, and the flip side of that trade will not be US dollar friendly - that trade being making gold look bad in US dollar terms.Tomhttps://www.blogger.com/profile/14701125794767347203noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-88870971212931852292012-01-11T20:43:46.755-08:002012-01-11T20:43:46.755-08:00Thank you DanThank you DanBillhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.com