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Video / 02 September 2016 at 6:57 GMT

Why I’m buying gold: Lambert

Clive Lambert - FuturesTechs
Clive Lambert, of FutureTechs, is planning to trade gold.

Taking potential volatility as a result of Friday’s US employment data into account, Lambert is looking to buy a dip to 1300 or a break above 1322.

If not in profit by the end of Friday, he plans to cover the trade. If in profit, he may continue the trade into next week. Targets are to the upside at 1335, 1360 and even 1375-1380.

miros13 miros13
Good Mornig Clive, can you explain me please what did you mean by "buy dip to 1300 ? " Is that mean to buy at price 1300 ? On the other way not to buy on current level (1310) ?
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
Correct. Buy at 1300. Also I'm referencing the Dec '16 Futures here FYI, currently trading 1315.
bancodemon bancodemon
Hi Clive, Thanks so far reg eurgbp trade...going swimmingly well. Opened on gold earlier as per your rec...also in profit now so will watch till close of biz today and fingers crossed for next week...Learning so much from your videos and truly appreciate your technical style. Have a awesome weekend.
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
1335 target hit yesterday and we are approaching the next target at 1360 (printed 1357.4 overnight). Move the stop on remaining balances to 1334 for now. Ideally 1340-41 holds on any pullback today.
bancodemon bancodemon
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