17 years in trading
Last friday gold was sharply rebounded from the 4 year low level, and if that was ‘sharp’ how can we call this rebound today? Rocketed!? I was pointed earlyer today on my gold analysis that 1147/50 could be a minor support, but that level today has become a ‘lounch ramp’. What now? Gold hit strong weekly resistance with 1180 high of the
Read moreTake a look at montly chart here. USD/JPY is aiming for 100% return of the July 2007. –> August 2011. fall,! The fall started in July 2007. from 123.66. There is several resitances on the smaller charts here, but I can’t see any stronger one before 118. First support is at 114.90/115.00, second the stronger one at 112.40/50. But, is there
Read moreLast friday gold manage to find the current bottom at 1130 and strongly rejected all the way to the 1180, the weekly strong resistnace level and 38.2 fibo return of the October 21. –> November 6. fall. I pointed out that possible scenario in my previous analysis from November 07. After that sharp move gold losing the power and can’t find enough
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