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Ammeo
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Everything posted by Ammeo
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Some positive news for Euro.. ECB’s Constancio says bank review results are credible Bank capital raising to date adds to tests success Bank credit restrictions won't hamper recovery 13 failed banks still to apply structural downsize or come up with plans to cover shortfall.
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It was a very slow Friday EUR/USD was trading around the support unable to break it. I think we will see a correction with the start of next week price most probably will test 1.2700
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Survey Participants Lean Bearish Toward Gold Prices Survey participants in the weekly Kitco News gold survey are nominally bearish on gold prices, although they don’t own the majority opinion as a fair number of respondents see prices trading sideways. Out of 36 participants, 21 responded this week. Of those, six see higher prices, nine see lower prices and six see prices trading sideways or are neutral. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.
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Well resistance before 108.4, causing a few pips drop. I hope it gets broken soon.
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Think its gonna come down again and will make a Quadra-Bottom...
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Strong push through the 108 level. Bulls are back in business.
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R.J. O'Brien's Toth: $1,232 Key Short-Term Level For December Gold Thursday October 23, 2014 Technically, the area around $1,232 an ounce is a key short-term level for Comex December gold, says Dave Toth, markets insights senior analyst with R.J. O’Brien. This was the low from Friday before the contract ran to a nearly six-week high of $1,255.60 on Tuesday. “Such a sub-$1,232 failure would, in fact, break this month's uptrend from (the Oct. 6) $1,183.30 low and expose AT LEAST a correction of this rally,” Toth says in a research note. “And against the backdrop of a three-year downtrend and the prospect that October’s recovery is just a correction of the decline from July's $1,346.80 high (on a continuation chart), a resumption of the secular bear to new lows below $1,183 is also on the table.”
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Going move my SL to BE, if price reaches my first TP 1.5990
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640 needs to be broken, if momentum then gathers we could see 570 today
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We have a decided range 1.2725 - 1.2840 price keep bouncing up and down so buy if the price start to rebound again from the support or resistance.
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Trade balance might have a decent impact. A break above 107.40 exposes a test of 108. To the downside, below 106.30 should see a retest of 105.50.
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Could this be one of the reasons of GOLD's recent 6 week high run? Indian Gold Demand Jumps During Run-Up To Diwali Festival Gold demand from India picked up significantly ahead of the approaching Diwali festival, analysts and traders reported. Diwali, the festival of lights observed by the country’s Hindu population, falls on Thursday and is an auspicious time for buying gold. India, in turn, is one of the world’s two largest gold-buying nations. “Demand in India has noticeably strengthened ahead of this year's Diwali, especially after gold prices traded around the year's lows during the month or so before this key festival,” said Joni Teves, analyst with UBS
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107.3 nice resistance, it should break through by US session, if not London. Looking for 50-100 pips up today.
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Short GBP/USD at 1.6103
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Though 1180-1182 had provided support for the 3rd time, but no highs created. Infact lower lows have been created which could interest the bears more here though.
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My preference is always MACD over RSI....imo MACD is the most powerful indicator on any technical chart... U can use both but give more importance MACD..
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I don't think price will move much away from the psychological resistance 1.2800 today, have a great weekend
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BTW i personally dont agree with the analysts with their next week's gold outlook...i think this major triple bottom on gold will give some further upward to gold next week...
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Survey Participants Lean Bearish Toward Gold Prices Next Week A nominal number of participants in the weekly Kitco News Gold Survey lean bearish toward gold prices next week, although neither group had a dominant viewpoint. Out of 37 participants, 23 responded this week. Of those, eight see higher prices, 10 see lower prices and five see prices trading sideways or are neutral. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.
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E/U has definitely made a significant bounce from 1.25 and the madness yesterday helped to push it up further. Though the trend may still be down as seen in longer TFs, it may be looking for a correction that could go all the way up to 1.31xx. I guess now it's just time to wait for price to find its ground, could be around 1.2790 and Daily Pivot @ 1.2782 before it decides to retest and maybe make new HH.
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I think after hitting that long awaited 110 this pair did its purpose and now bulls are no more interested in this pair anymore after that mark has been reached.
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Gold has bounced almost precisely off major support around the 1180 level in a move that tentatively forms a triple-bottom pattern in conjunction with the metal's two previous 1180-area lows in late June and late December of 2013. Anyone think it'll go up from this triple bottom? to me it seems it will..
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i have a buy limit order at 107.5 . Targeting around 109 again if it gets above 107.5
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eurousd has so far fallen 1487 pips. If anyone is short in there long term must have made tons.
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Obviously.. USD is like anti-proportional to gold..
