Gold, Oil & Indices (Equity & Bond Indices)

Coolshades

I'm quite new to trading and I am still learning the dynamics of fundamentals.
1)From what Peter Ruud has said about the Eur/Usd it is now moving up.
2)From another source, I am told the cycle has started for this pair and it will start to trend higher.
3) On a daily chart the price has broken through the descending wedge, and has a target of 1.38 region
4) I think Gold correlates with Eur/Usd, so with this in mind, Gold may go up as well

Cool --- You mention RBA may increase rates, would this push AUD/NZD. I'm interested in this as I am in a short position as per the HOT CHART and would really like this pair to come down. Any insight would be grateful

@BuyGold-cause it works like this.

If I was in the stock market and thought there was a 90% chance a stock I thought had good long-term prospects was going to decline 10% before it started up, I wouldn't really care and would go long.

However, we are talking about a commodity here: Gold. And for Gold, I DO care, and WILL profit $$ on that 10% correction. In fact, I'll take just half that amount TO THE BANK.

Next week gold will be paying the shorts as if they are betting DON'T PASS at the crap table. After collecting $$ on don't pass, I will be more than ecstatic to switch over to the shooter's side and wager on pass. Or in this case, go long Gold.

Moi Aussi!

As a certain revolutionary once said, if we don't hang together, we will assuredly hang separately :-)

@pippedoff Thank you for your moral support! I'm short from 1100, hoping to catch the move down since then!