Man, I would be short every market you can think of. As Catnip mentioned earlier, there's not much downside on the USD index, and the upside risk for most markets that I'd be shorting at this moment is limited indeed.
Yes Ernie could be a H&S but if it breaks to the upside (lets say above 1.5416) then it's a false H&S. If it breaks down say past 1.5316 then its a valid H&S top! That's my opinion, but I'm not trading anything right now since I promised myself I'd stay out of the market for a while. Man, I suddenly feel at peace, but then I see these formations and again wish I was in the market.....I'm damned...never satisifield.
I can't even begin to imagine where gold will be headed when this reversal in the Euro that I just mentioned occurs. "One of these days Alice......Bam!!! To the moon Alice, to the moon!!!"
NAGIBE, drago mi je sto imam brata sa Balkan na ovom Forumu.
Dollar will seem unstoppable up until summer, yeh perhaps even reaching 1.20. But it will cease being the reserve currency after that I can can easily see a quick and huge reversal in the Euro passing the 2008 high. Just my opinion of course.
In the next couple of hours though the Euro might get some support at exactly 13250, I doubt it will hold for more than a couple days.
Hey Rose and all. Here's my take on gold....it'll break todays low and probably settle at 1095. I would be a buyer around that price with a tight stop loss. Any further decline might be severe. This is based on some pivot points that ive calculated.
Ashraf, the 240 minute chart on Feb Gold clearly shows a pivot at exactly 1059.80. Let's hope this holds. I', pretty convinced that it will.
By watching your various interviews I just now found out that you speak both Spanish and French in addition to English and Arabic. Mashallah! A polyglot and a great financial analyst. We're proud of you.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
Peace all.
Hajdar
That's my opinion, but I'm not trading anything right now since I promised myself I'd stay out of the market for a while. Man, I suddenly feel at peace, but then I see these formations and again wish I was in the market.....I'm damned...never satisifield.
Hajdar
Dollar will seem unstoppable up until summer, yeh perhaps even reaching 1.20. But it will cease being the reserve currency after that I can can easily see a quick and huge reversal in the Euro passing the 2008 high. Just my opinion of course.
In the next couple of hours though the Euro might get some support at exactly 13250, I doubt it will hold for more than a couple days.
Selam i svaku srecu.
Hajdar Sabovic, Chicago
By watching your various interviews I just now found out that you speak both Spanish and French in addition to English and Arabic. Mashallah! A polyglot and a great financial analyst. We're proud of you.
Haydar D Sabovic