EUR/USD & GOLD forecast 31.01.2013
EUR has reached all my 3 targets for the long forecast scenario from yesterday, bulls have gained power again and pushed the price in the sky. All charts are bullish and do not give any signs of reverse. This means that a new top is going to be made. The question is how long this would continue and what price will be reached. We are currently above MA200, and any weekly close above will open the way for 1.40- 1.41, but i think that even the current price is too high and soon the baloon will explode with the sharp price fall down to 1.3170 at least. For today target is 1.3626, if not reached a pullback may occur to 1.3480.
GOLD has broken 1670 following the rising EUR price and now the next target wll be a Daily close above 1686, this may start a GOLD rally with targets above 1700. Go SHORT below 1665.
For today:
LONG EUR above 1.3555 SL 1.3540 TP 1.3620
SHORT EUR below 1.3630 SL 1.3640 TP 1.3550-60
LONG GOLD above 1686 SL 1680 TP 1696-1700 and above
SHORT GOLD below 1665 SL 1670 TP 1646 and below
Good luck!
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Comment by Kevin Henry Ostermey on January 31, 2013 at 6:57am -
Morning Vladimir, Good forecast. My long on EURO/USD has just activated and sure the target of $1.3620 is achievable. Your valuable input on this forum is valued and appreciated, Kind regards, Kevin
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Comment by JT on January 31, 2013 at 8:22am
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German unemployment change (Jan) will be released at 08:55 GMT, 8K expected. That can't be good ;-)
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Comment by FxBear on January 31, 2013 at 8:34am -
Its good 8K:) after that eu should fly to 3610 area :) its all good with eu ( new safe heaven) :)
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Comment by Peter jcp on January 31, 2013 at 6:20pm -
Hi Vladimar - Just noticed your stop for the EU buy was at 1.3540. On my charts price only went down to 3541 - so interested if you were able to stay in.?
With the first pullback lower down at 3532 - I would have thought price might have just dipped down to say 3536/7 and then retraced ( keeping to HL's) - so probably interested why you chose exactly 3540 as your stop level?
Otherwise WD again as you do make some great forecasts
Regards
Peter
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whew with the unempoloyment numbers :-)
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Comment by Peter jcp on January 31, 2013 at 6:39pm
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Hi Jet - hope you are well etc - yes I don't reckon the "funnimentals" or even "tricknal analysis" counts nowadays with price direction. It's all were your money and the largest "mass" of stops are situated ;-)) - that drives price short term - and as long as is rectified at least every 6 months - the FSA and all the others bodies never notice ;-))
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agree but it's scary as hell sometimes pulling the trigger - correlations what correlations lol - good to hear from you Peter hopwe all is well ;-)
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Comment by Vladimir Mihaylov on February 1, 2013 at 5:47am -
@ Peter jsp - no, my SL was hit but i have re-entered when the price went above 1.3560 again and finally target was reached :)
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