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Gold - Long Term Trendline


Gold was trading to the downside quite nicely over the last few weeks, after we managed to put in place a top around $1300 level, this level was suggested as a possible top on my last update about Gold which you can find it here: Gold Down- Channel
Despite all the geopolitical tension, the Greece debt crisis, ECB QE programme and many other factors, Gold couldn't find a bid in the market and that's reason enough to conclude that the current bearish trend is still reinforcing itself and Gold is …
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Gold Down-Channel


Last time I was speaking about Gold it was trading near an important inflection point, see more here: Gold Inflection Point
Even thought I was drawing the point that the probability suggest we should continue lower, I have also been advice if we broke the trend-line that connects the 2012 highs we should take the breakout with a long position. The initial breakout lack momentum but only after SNB decision to abandon the 1.2000 EUR/CHF floor, Gold started to gain momentum.
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SalviLeana avatar

Great job :)

Daytrader21 avatar

SalviLeana Merci bien :)

Olga18375 avatar

Good luck!!!

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EUR/USD Long Term View

Last time I've spoke about EUR/USD was on my latest webinar, that I had to do after coming in the second place in Article contest, and I spoke in more details about the chart I posted in this blog post: FED tappers Effect
Although the chart I posted suggested you should go long EUR/USD, the trade was only good for 100 pips, but on my webinar I've said that we also need a weekly close above 1.3800 which we have not, so that trade was invalidated but still you could have made 100 pips.
Also , my s…
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Metal_Mind avatar

Uuuuu.....this is one comprehensive analysis. Well it definatly looks hard for the euro to break the barier.

Metal_Mind avatar

The us dollar index  looks almost to good to be true...but who know, i will definatly keep it on my radar waiting for the big move. Thanks buddy for the great insights.

Daytrader21 avatar

Thanks buddy, you're right timing is very important on this one

Berkeley avatar

I can't get enough from your blog posts! Impressive work here!

Daytrader21 avatar

Berkeley you da man, Thanks for your good words.

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ECB Monetary Policy Statement

This is definitely the most awaited ECB meeting since awhile. After weaker EU inflation reading, the CPI figures came in worse than expected at 4 years low, at 0.5% and is well below the ECB's 2% target. Although ECB may feel some pressure as inflation hits new lows, I'm not sure if ECB is going to easing or not as there is no clear view if they are
ready to act and tame down deflationary pressure.
ECB is pretty stationary when it comes to the perception of his monetary policy standing.

A…
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Convallium avatar

            You always write good and useful things! thank you, Daytrader21!

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