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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
Gold looks to be putting in an ending diagonal at the 1183 resistance 78% fib... Typically a
good indicator of a reversal in the Elliot Wave world. I am short Gold, and looking to short AUD/JPY as well. I like being short AUD/JPY as it appears US equities are running into STRONG headwind... I can only see the potential for one more push higher in SPX to 1226/1230, unless Fridays low breaks and we fall below 1180... In that case the larger correction has begun.
USD/CAD tweet Friday morning was a quick candy, market was hesitant for a short period, but then it moved like hot knife through butter.
RESPECT
b.
I gathered there had been some shenanigans with misuse of forum names, but didn't really think it could have been PippedOff. Well I hope his cooling off period in the "sin bin" or naughty corner will have had a beneficial effect.
Ashraf
Ashraf
So if you want to talk about the market, then thats fine.
if you will resort to your old ways of taking different personas and disguising under other forum members, then yiu will be taken out. Nobody has time for this nonsense.
I warned you already
CMC Markets does offer GOLD vs AUD
Ashraf
Of course, while you have been "away", that whole GS thing has come to a head.
I've been imagining you chuckling away in the background...
I wish you good trading, and hope to see you posting again in due course.
I am short AUDUSD anyway but also short gold the resistance barrier possibly open interest bullion banks 1170 was 3 times not broken. I think eurozone uncertainties ebbing for now the 2y Greece eurobond which I sold today with some profit is still raising in price and yields on Irish 2y eurobonds drop further. To me XAU long is not sure.