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.
Looks like everyone is gone to check there offshore tax arrangments after the Jimmy Carr expose!!
Kam
Kam
All i can say is the previous 2 occasions where Euro tanked from 1.6 and 1.5, Trichet should have just come out with rate hike rhetoric and saved Euro from tanking!!!! seems to work this time.
Needless to say this is why i trade on technicals and use Fundies only for bias or selecting pairs, because charts tell you what traders are doing where as fundamnetals tell you what traders should be doing, which lets admit know one knows...
Kam
Kam
Kam
Kam
I hear you..the HOT chart not looking so hot now both fundamentally and techincally, though the weekly trendline resistance at 87.60 being respected for now. Last chance for the HOT chart to show its hot stuff!!
Kam