Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Please can we keep this forum on trading the euro, if you don't mind? Perhaps Ashraf can consider setting up a separate forum for current affairs or more specifically about minorities? Such topics are prone to stirring up passions and given each individual's personal background/circumstance it's never easy to come to a happy ending in discussions.
Ashraf, where do you think euro might start a decent bounce? And do you think if it's dead from here on?
Thanks
Can anyone, or Ashraf, share your view on euro midterm, perhaps the next 4-6 weeks?
Thanks
I am not convinced by the now consensus that the US is on route to recovery. Didn't bad data start coming out from a couple of weeks ago, when euro started rallying? Better data before that could well be seasonal holiday effect. But I have not been following US econ data too closely, just a hunch.