EUR/USD & GOLD forecast 23.10.2012
EUR starts the day ultimately quiet, in fact it's not trading at the moment, market is very cautious as all are waiting for the new upside signal. Support is still the same 1.3030, 1.3000, 1.2970. GOLD has got enough air and is prepaired for another dive maybe below 1700. Let's hope today something will move the EUR in one or another direction.
For today:
LONG EUR above 1.3050 SL 1.3020 TP 1.3130, 1.3170, 1.3250
if stop is hit enter LONG at a better price
SHORT GOLD below 1730 SL 1736 TP 1715 1705 1685
Good luck!
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Comment by Vladimir Mihaylov on October 23, 2012 at 10:12am -
GOLD reached first target. i hope you SL still not hit during EUR drop
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Comment by Jacobson MAthew on October 23, 2012 at 11:53am -
good call on gold. vladimir. now stabilised at 1710. do u still see down ward or bottoming up
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Comment by Vladimir Mihaylov on October 23, 2012 at 4:11pm
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GOLD has no near support and further drop is possible. My EUR stop was hit, market is quite disappointed with EUR because one of the ECB main figures said that lowering interest rate is "an option", so this statement was very very EUR negative, and ruined my technical view for today.
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