About Pipscalibur

Many Forex traders, from those fresh off the block, to those who have been around for years, often forget that to survive over the long haul, common sense is a "must." However, when we're in the trees, we often find ourselves unable to see the forest. With a common sense approach, traders of all levels will find the "true paradigm" of profitable Forex at their fingertips. Using a common sense approach, traders will learn to spot future trends, often, before they ever even appear.

Who is Black Knight?

Pipscalibur Author

Known as the "Black Knight" in trading circles, Andrei Pehar is a private fund manager, consultant to management, and a sought-after speaker, trainer, and coach for professional traders and individual investors alike. He's also founder and Sr. Currency Strategist at fxKnight.com.

His client list includes prestigious names such as UBS, Tower Asset Management (named by Bloomberg as top asset manager), Clifford Associates (investment counselors since 1915, officially acknowledged as the oldest in the United States), and several other high profile firms specializing in investment and wealth management for musical artists, sports celebrities, and other ultra high net worth individuals and trusts. He is the author of "Trading Forex for Living", published by Harriman House

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What's Next for Gold

Posted 12:13 02 July 2009 | 2

Gold is ending the week at a key support level.  If 929.39 continues to hold, we could see a rally week which takes us first to 958.60, and if that breaks possibly to re-test January’s high of 1005.98

If the 929.39 level is broken, we could see prices drop to 872-882 before it begins to recover.

Long-term, we remain bullish on gold, with an eventual target at 1129.96 Dollars per ounce.  But, before that target can come back into play, price needs to break 1005.98, and find some solid support at that level.

Comments (2)

what is your book called and is it out yet?
ElGuapo | Posted 16:16 23 July 2009
It's called "trading Forex for a Living" and is due out June 2010 from Harriman House: http://www.harriman-house.com/pages/book.htm?BookCode=401327
BlackKnight | Posted 13:20 24 July 2009

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