GOLD:The yellow metal is strongly consolidated below the price level 1205.54. Gold is unable to cross this level since two days. The poor gold is locked between critical ranges 1208-1186, since couple of days. Fibonacci retracement is indicating a strong drop, due to the last resistance 61.8%.Recommendations:Sell Below 1205, Expected Targets 1193, Stop Loss 1211, BOB 1212.Other scenarioBuy near 1193, Expected Targets 1202, Stop Loss 1185, BOS 1184GBPUSD:Strong Bullish sentiments are founded…See More
*** Intra-Daily Trading Strategy: BUY Euro Dollar / US DollarBuy Target: 1.2511Buy Stop: 1.2372 Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.(NOTE: Adjust Stop Loss Price according to your trading risk.)Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!! A white body has formed as prices closed higher than open.The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white…See More
To the upside we have a few layers of resistances and the frst resistance is 1.26. This tells us that the buyers need a very strong incentive to start to buy euros and at the momment there is no such incentive. The last…"
"Casey, this is economy 101, if a currency is strong the export goods are more expensive than the imported goods and the consumers will buy mostly the imported goods that are cheaper because the currency from the countries that exports to UK is…"
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