Posts by "sydneyjames"

Gold found support at $1100. Recovery above $1140 would indicate an advance to the January high of $1220. Target calculation: 1140 + ( 1140 - 1060 ) = 1220. Reversal below $1100 is less likely, but would test primary support at $1060.

The euro is testing resistance at $1.38 as Momentum rises, having penetrated the declining trendline. Breakout would offer a target of $1.42, i.e. 1.38 + ( 1.38 - 1.34 ) = 1.42.

Reversal below short-term support at $1.345, however, would signal a decline to $1.30 i.e. (1.34 - ( 1.38 - 1.34 ) = 1.30).


James

whats happening on Mar 25?

i am not gonna touch gold for a while, it seems unclear at the moment

so whats everyone 'view on euro for today?

Long at 1.3710