EUR/USD & GOLD forecast 14.12.2012
Yesterday EUR wasn't able to go through 1.3100 too and also has formed a 'long legged doji' which is a medium reliability indicator for trend reversal to bearish. But that doji needs a confirmation. We have plenty of supports below so confirmation signal will be hard to determine. Take for a confirmation any downside move bigger than 50 pips in H4 time frame. On Daily for now we have forming a 'flag' which means more upside soon, also all indicators are pionting to the upside. So my yesterday's froecast will be the same.
GOLD continues to be cheaper and cheaper, maybe soon all will make beer cans from gold, and after drinking the beer we shall throw the gold can into the trash box, noone needs GOLD now.
For today:
LONG EUR above 1.3040 SL 1.3025-30 TP 1.3150-80-1.3200-1.3250 (TP points are also the resistances)
SHORT EUR on H4 close below 1.3040 SL 1.3060 TP 1.3000-1.2960
SHORT GOLD below 1704 SL 1707 TP 1680-1670
To enter long gold we need a daily close above 1705 first.
Good luck!
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Comment by goldynerd on December 14, 2012 at 7:29am -
golden beer cans...lollzzzz....!
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Comment by Manish Patadia on December 14, 2012 at 3:43pm -
can u help that is becoming too stronger will go down
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Comment by Manish Patadia on December 14, 2012 at 3:43pm
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gold
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Comment by Vladimir Mihaylov on December 14, 2012 at 5:08pm -
Dear friends i do not know where goes any currency or metal, noone in the world knows, i just follow the charts and build my strategy mainly on my experience and using 3-4 indicators. I've told you about them almost every time - trendlines, channel lines, Ichimoku, Bands, and of course MA. If you wish use additional ones too. I'm trying my best to help with my forecasts, but i cannot help individual persons. Please take decisions by yourself for your own money. Forecasting during the day and in every single moment is almost impossible, and i'm building my future forecast on history (i mean past several days, or hours) Remember also that indicators are history, they cannot tell you what will happen in the future, it's you who have to realize what's going on and where it will go.
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Comment by Vladimir Mihaylov on December 15, 2012 at 4:49am
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First LONG EUR target reached
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Comment by Hussain malik on December 16, 2012 at 10:30am -
my dear friend tell where can i find those indicators
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Comment by Vladimir Mihaylov on December 16, 2012 at 12:08pm
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Trend lines, channel lines, Ichimoku, MA and Bands indicstors are included in every MT4 platform
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