EUR/USD & GOLD forecast 17.01.2013
We have a range trade yesterday between 1.3250 and 1.3325, for now it is still present and breaking on one of these levels will take us at least 50-60 pips more in same direction. Today there aren't many news that can move hardly the market, so i suppose the two levels of the range to be tested again. We are going to have again choppy trade with a slight bullish tone as the price is above 1.3250. Below that the things may go to 1.3200 and even to 1.3170.
GOLD moves in a very narrow range it is expected to extend higher, but still consolidating. We need a Daily close above 1695 to have a bullish sign.
For today:
LONG EUR above 1.3250 SL 1.3240 TP 1.3330-1.3360-1.3400
SHORT EUR below 1.3240 SL 1.3255 TP 1.3200-1.3170
LONG GOLD above 1674 SL 1668 TP 1695 and above
SHORT GOLD below 1665 SL 1670 TP 1650 and below
Good luck!
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Comment by Kevin Henry Ostermey on January 17, 2013 at 6:15am -
Excellent forecast once again! Keep up the good work Vladimir you are a real asset to FXSTREET.com. KInd regards, Kevin
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Comment by akojuru on January 17, 2013 at 7:36am -
are ur stops not to tiny, if i may ask?
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Comment by Vladimir Mihaylov on January 17, 2013 at 8:45am -
First LONG EUR target reached.
@ akojuru - stops are ok as you can see :)
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Comment by Vladimir Mihaylov on January 17, 2013 at 11:25am
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Second LONG EUR target reached
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Comment by Ronald Mewengkang on January 17, 2013 at 3:22pm -
Gold 1688, still waiting to pass 89.I know it's a hard bitch to pass, just like u told us a few days earlier. but never suspect with low down to 66, it still can't boost it's way trough till now :(
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Comment by Ronald Mewengkang on January 17, 2013 at 3:26pm
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here goes 89 :D
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