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by Ashraf Laidi
Posted: Feb 23, 2010 18:53
Comments: 201
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This thread was started in response to the Article:

Gold Catching Down with Euro

Gold's record high vs. euro was a key signal in ensuring bearishness in both the currency & the metal against the US dollar. Forex & commodity traders must watch.
 
said
mulhouse, France
Posts: 2822
14 years ago
Feb 25, 2010 19:31
FOR WHOVER TRADE GOLD AND EURO RIGHT FOR THE NEXT TWO WEEKS.

we might have some news on greece about EU intervention on the target system for collateral payment and guarantee and that is gonna lead to EURUSD at 1.3894 and above and that is gonna push GOLD at 1175-80. nonetheless i dont expect good news on the US front and that is gonna keep on put downward pressure on DJIA till around the twentieth of march.
GOLD upmove will be factor of eurusd technical and momentarily arbitrage advantage toward to gold against US treasury.

ur comments are welcome on that
thks
rrose
United States
Posted Anonymously
14 years ago
Feb 25, 2010 17:22
russian financial market agency confimed chinas intenion of buying gold from imf
will this push gold higher
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Feb 25, 2010 17:20
chart with comment posted earlier
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Feb 25, 2010 17:19
downward channel appears broken at this stage on 1h chart - 1095/96 now support
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Feb 25, 2010 16:31
sure u did pippedoff - i am waiting for it ? going in the other direction. 1107 almost kills the short term downtrend
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 25, 2010 16:19
Gold 1101 and counting-I called 1107!
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 25, 2010 15:15
Looks like gold was just doing a gap fill from NY close yesterday...hit it almost exactly and started back down.
Xaron
Munich, Germany
Posts: 528
14 years ago
Feb 25, 2010 15:06
Gold is somewhat stable in these uncertain times. I guess it will go higher again because both Dollar and Euro are in trouble...
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 25, 2010 15:04
Pipped could be right where he says somewhere that gold won't be seeing 1100 again in a hurry.
It is struggling to make it above 1097-98 as I type.
But never underestimate the persistence of goldbugs.

rrose
United States
Posted Anonymously
14 years ago
Feb 25, 2010 14:43
pipedoff 1.08 seems to be coming in usd/cad
are you still wating for 1107 or other entry