EUR/USD & GOLD forecast 29.01.2013
EUR keeps trying to find any futher direction and performed a range trade yesterday between 1.3425 and 1.3475, currently trading @ 1.3450. For today i am expecting a correction move for the EUR with targets 1.3405 and 1.3365-70. There is a few news today and i think that many traders will prefer to take part of the profit made by the recent rally. GOLD is in a correction move again with target 1670.
For today:
SHORT EUR below 1.3460 SL1.3475 TP 1.3405-1.3465
LONG EUR above 1.3465 SL 1.3450 TP 1.3525-50 (be careful this may not happen, just seeking a better price to sell)
LONG GOLD above 1655 SL 1652 TP 1670
SHORT GOLD below 1650 SL 1655 TP 1635
Good luck!
-
Comment by Muhamad Agung Wibowo on January 29, 2013 at 7:38am -
GOLD is bouncing toward positive trend now.. after three straight days declining trend..
-
Comment by FAISAL KHAN on January 29, 2013 at 9:37am -
thank you
-
Comment by Elric on January 29, 2013 at 11:24am -
very nice analysis. cheers
Comment
Photos
ChartAccess 20% OFF
© 2013 Created by FXstreet.
You need to be a member of FXstreet.com Forex Social Network to add comments!
Join FXstreet.com Forex Social Network