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.
"The CFTC's COT report -- non-commercial, futures-only section, excluding options --
showed speculators had a net euro short of -173,869 contracts as per May
15, versus last week's net short of -143,984 contracts. This is a new
record net euro short position.."
(5) 2012.05.18 08:18 buy 1.00 eurusd 1.26448 0.00000 0.00000 2012.05.18 22:13 1.27642
not much action in early asia so far.. so just watching for now..