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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
forexfreebot . com
It realy works... I tried :)
So selling from here long term is easy its not that its gonna hit 2000 without testing this years low of 1044 and pretty mush momentum close to running out. So if any one has any sense let in then they hold gold etf's carry the sellers leg down. cuz after the currency war is over its going to be commodity wars. Which we can see already showing some early signs.
http://www.ashraflaidi.com/forex-news/?a=1837
Intraday Market Thought August 26, 2010 17:12 ET
IMT ARCHIVES
THOSE GOLD SEASONALS AGAIN; my research indicates that out of the last 8 years, Q4 proved to be the best quarter for gold, gaining in 7 out of the last 8 years. Q3 and Q1 followed behind, rising in 6 out of the last 8 years. From a multi-FX perspective, now that gold has broken above the key resistance of EUR 960/oz (trendline resistance from June record high & 50% retracement), the signal for prolonged and broad gold gains looms large. And with gold vs. USD breaking above its 55, 100 and 200-day MAs for the first time since April, $1,275-80 is seen as the next key target before end of Q4.
Ashraf