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.
It's always good to see your analysis.
I usually daytrade EURGBP, so medium targets are not of much of use to me.
Only out of curiosity I'm interested in some medium targets and can't help noticing purchasing power (dis)parity and hearing from people visiting France how much more expensive is everything there compared to UK. I'm keen tech analysis follower, but considering above must say that I'm bearish on EUR and would expect at least 1.25EUR to 1GBP in the near future (or 0.8 EURGBP).
Any thoughts about Jan/Feb2010 EURGBP levels?
Regards Serg
do you think there is a possibility of DOW going down a bit on profit taking and that may lead to further downside onse fear takes over recent bullishness (mostly driven by irrational feeling of being left out of action)
Regards Serg