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 dollar fell for the first time in three days against the euro on speculation Group-of-20 leaders meeting this week will call for gains in other currencies to help reduce global trade imbalances. The greenback declined versus 14 of the 16 major currencies after a spokesman for Canadian Prime Minister Stephen Harper said the leaders will discuss a framework for balanced and sustainable growth, including structural reform in deficit and surplus countries."