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Lambert: A golden opportunity?

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November 06, 2014 clive lambert, clive lambert futurestechs, commodites, commodities, commodities gold, commodities markets, commodities prices, commodities supply, commodities trading, commodity, commodity gold, commodity index, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, dollar, dollar index, dollar outlook, dollar strength, gold, gold buy, gold commodity, gold demand, gold dollar, gold exchange, gold future, gold investing, gold investment, gold levels, gold predictions, gold price, gold sell, gold spot, gold trade, gold trading, investing, saxo bank, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo traders, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, sell gold, short gold, social trading, trade gold, trade idea, trade view, trader, traders, traders tale, traders tale clive lambert, traders tale saxo tv, trading idea, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, us dollar, us dollar index bullish, us non-farm payrolls, us nonfarm payroll

Prices of gold have fallen sharply in recent weeks as the US Dollar continues to strengthen, detracting investments in the safe-haven commodity. The move below USD 1,180 has served as a signal to investors that prices of gold could continue to fall. Clive Lambert, from FuturesTechs, is evaluating various levels to short gold at the moment.

In the past year and a half, gold prices have experienced a rally immediately after hitting the USD 1,180 level. When prices continued to fall to USD 1,137 it was a clear indication to investors that the sell-off in gold was accelerating. With less instability in the US economy another rally higher appears to be unlikely. In fact, investors are expecting positive results from the US nonfarm payroll report, which is due out on Friday. This data could serve as a catalyst for further declines in the price of gold.
 
Clive outlines two chances to short gold. The first opening exists in the short-term near USD 1,152-4. For patient investors a second opportunity exists at USD 1,175, USD 1,179, and USD 1,180. He is targeting a move down towards USD 1,089 in both trades.
 
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