You know me Ashraif, I dont comment often...but when I do it usually counts: I agree with this article for the most part, but May is not over and I dont think we will see any new highs in Gold before Fall.
Weekly is still not done, and these things tend to pop at the tops quite a bit. Not to mention supply side economics that assures me the dollar is doomed for the next 3-6 months at least.
Great to see someone on the same page as me, but we both expected a bigger correction in gold this year and never got it. As I said in my blog, I see gold easily reaching 1250 this year and most likely will see a run 1500 before its over. Closing around 1200 for the year is looking conservative atp.
Great to see someone seeing what I see at last. But then you and I wanted to see EURUSD push to 1.16 and that did not happen. So we will see. Note that to the left the Stochastic bottoms tend to ride the bottom for awhile, suggesting to me we could see some wild swings in EURUSD as the market finally figures out helicopter Ben`s strategy.
Totally agree here, but eurusd has some leftover stregth in the daily tf, could pop past the highs of today later on...but still a good short under these circumstances. As short eu proved to day, just short on those daily res lines and you should be ok. Don`t over leverage! You don`t want to be all maxed out when the high finally does come in this week.
Ttoally agree here, but eurusd has some leftover stregth in the daily tf, could pop past the highs of today later on...but still a good short under these circumstances. As short eu proved to day, just short on those daily res lines and you should be ok. Don`t over leverage! You don`t want to be all maxed out when the high finally does come in this week.
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Weekly is still not done, and these things tend to pop at the tops quite a bit.
Not to mention supply side economics that assures me the dollar is doomed for the next 3-6 months at least.
As I said in my blog, I see gold easily reaching 1250 this year and most likely will see a run 1500 before its over. Closing around 1200 for the year is looking conservative atp.
Note that to the left the Stochastic bottoms tend to ride the bottom for awhile, suggesting to me we could see some wild swings in EURUSD as the market finally figures out helicopter Ben`s strategy.