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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
So is trash euro and gbp 1.400 and 1.5200, respectively.
it is very similar now - after some range bound movement - we have had 3 green candles of 180min. then a retracement which we may be entering now. but max pullback then was limited to $10 - so basis that we could go back to $1128 which is also close to the sigma 1 level - which is where one needs to take a decision - re-enter long or exit shorts or continue to go short ?
i sense Ashraf's earlier call of a possible retracement on the Euro upto 1.3850 could also play out at the same time, this will further strengthen gold.
i sense most of the forum is short - so i hope for all of you that it does not play out like Feb 1 - as we could be at 1150+ in the next couple of days.
Good luck all.
dON'T BE BASHFUL....
USDCAD carving a bottom which is VERY bullish for next leg up in USD across the board.
Thank you for bidding e\trash euro and pound back to 1.36 and 1.50 big figures.