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Gold
The fundamental reasons behind the Gold rise has not changed…so Buying the gold is still way to go. But where should you buy it ??? One has to be aware first of the time line that he/she trades it on.
Right now, it has approached the 2010.00 level, that might be used as good buying opportunity…not only because it is kind of cheap , but because there is a clear stop loss that can be executed.
Break above 2030.00 would signal another reason for trade…Keep your stops tight, and be modest when it comes to profit taking.
Re: my post from the last night :
EURUSD Day ahead
Resistances : 1.07950 and 1.08350/400
Supports : 1.07800 , 1.07700 and 1.07200
Judging by the current pattern, we should see the attack at the supports tomorrow, but expect as always for Europe to do some buying early euro morning…if they break through 1.07950 we should see at least 1.08200 ( depending on how they spent their weekends…)
Same goes for other two postings – JPY and GBP….Bellow is a current chart for EURUSD
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