GOLD has won the gold medal as yesterday it made 50 dollars up in 5 minutes, and performed exactly as forecasted with a quick drop to 1715 and reversal to above 1770. I hope that you've made gains there. EUR performed pretty much calm yesterday as everything that was released was known well before, and surprised noone, the news is already consumed. I expect asuming also that today is Friday, that we shall see some profit taking, as the correction move is so needed right now. This morning EUR has climbed to my first resistance @ 1.3030 and tries to pass it, but i think that this time we shall have a false break, and the price after 4-8h will return below 1.3000 heading south to 1.2800. We are in the uptrend so, next week the upside will resume with another attack of 1.3030.Weekly colse above 1.3000 is less possible, but who knows, be prepaired for that too. GOLD has making a good rally, there will be also profit taking, but not until the rally ends.

My positions are: SHORT EUR @ 1.3030 TP below 1.2900 SL 1.3060

LONG GOLD above 1770 TP 1788 SL below 1765

Good luck!

Views: 545

Tags: EUR, GOLD, USD

Comment by Vladimir Mihaylov on September 14, 2012 at 5:25am

Of course i can make a mistake too, but i'm doing my best to help as i can, i've losses too, but trying gains to be more than losses :) I hope for today 1.3050-60 will cap, but let's see.

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