Hi ezambrandt,

Excited to see that you seem to have really followed the lessons well. Think you are definately moving in the right direction here.

Best Regards,
Dave

Hello, David! What do you think about gold? Do you think that if today gold will close more than 900-905 that its good chance for buynig?

Hi Petr,

Glad to hear from you and thanks for posting the chart that makes it a lot easier for me to see the analysis.

I have been watching the triangle you have outlined in gold as well. It would be hard to argue that the longer term trend in gold is not still up and fundamentally I don't see anything near term that is going to change that. So with that in mind yes I think if the market breaks the top side of this triangle that it may potentially head higher and would therefore be a good opportunity to look at for a possible by.

Please remember that I am not a financial adviser and don't give trading recommendations that's just one traders opinion to another.

Best Regards,
Dave

I understood that person on the market have to make desicion for himself, in other way its impossible to win=))

So I didnt analyze gold as a technical analysys before this day and have waited for good day for open position because of fundamental factors: inflation, weak dolar, low gold to oil price, commodity boom... Only one thing its not for buyng gold now - COT (may be smth will change in tomorrow COT).