Tuesday 25 January 2011

Gold & €$

Price should go to a fraction under 1.3700 where it will fin resistance from the top long term RL
It should eventually go through but may consolidate first. This will leave the USDX in a very weak position testing 78.00...again.










GOLD



Getting bullish signals re my weekend post and the LMLP seen here in blue. Its a 'discretionary' fork so it is for indication ONLY that we may have reached/or soon may reach the width/frequency of the previous wave which contains the controlling swing.
As yet this RT is not really significant over the whole bull move from 700 but represent a .382 Fib RT from the move that started last late July at 1158. Worth watching

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