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PK
(New Jersey, United States)
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PK
New Jersey, United States
Posts: 1
15 years ago
Apr 2, 2009 16:21
In Thread: GBPAUD Testing the Bottom
Ashraf,
Great site & insight.
I think USD/JPY breaks 100, just takes some work to get through since it is technically a critical level (including breaking through 200 dy MA.

I'm a bit concerned about gold. I'm long and today it is breaking the upward channel trend? What do you make of it. Is this just a reaction to maybe IFM selling of gold to raise cash or ease of general "fear" in the markets. I think long term gold goes higher on inflation but a pull back to 880 means a lot of pain, & could it be a the beginning of trend reversal or sideways movement?

Thanks for your comments!

PK
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