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.
Do you see a positive divergence in USD daily?
Do you expect NZD to go down along with AUD?
what is your opinion about sequential sell in technical analysis? and do you see one in oil now?
thanks
Dear Ashraf,
what is your opinion about sequential sell in technical analysis? and do you see one in oil now?
thanks
Am not sure about that. One could argue that CNY appreciating is USD bullish due to lower US trade deficit, and thus, Gold bearish.
I am not sure about this but lately Gold seems to be going up no matter what the dollar does.
Let's face it, USD, EUR, GBP, and YEN, have huge problems, and it is not that the USD that is going up, rather other majors are going down. As a result when, aforementioned currencies will go down against commodities and mostly against precious metals.
BUY Gold on the dips!!!
do you incorporate seasonals into you analysis?
Could we see a scenario that occurred after oct 07, where US stocks and USD took downwards trends?
I also expect oil to go below $40.