HiTech
Long

GOLD SHOWING SIGNS OF STRENGTH

FX:XAUUSD   Gold / U.S. Dollar
405 13 2
Gold             displaying some volatility , that can potentially result in further strengthening of gold             against the USD. Some correction down is possible, but looks that new highs will appear shortly.
snapshot

Target in force unless we hit the black line above.
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HiTech PRO IvanLabrie
Im seeing a correction, perhaps to 1190. lets see
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That's possible, hopefully we do, it would fuel my usdcad, usdjpy and gbpcad short term shorts.
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HiTech PRO IvanLabrie
GBP looks amazingly weak, its like you can sell GBP in relation to any currency.
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Careful, only trade the pairs with the best odds from all angles, fundamental and technical.
GBPCAD is a good short term sell, GBPAUD, not sure, AUD is possibly turning weaker sooner than GBPCAD, I'd rather skip it.
GBPUSD, not a good idea, GBPNZD, too range bound, and NZD will weaken soon, the same way as AUD probably will.
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HiTech PRO IvanLabrie
thanks... have you seen gold now? :)
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Naturally. There's no resistnace between the low and the monthly open or close to it.
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HiTech PRO IvanLabrie
This could in fact be a reversal targeting 2000 and more usd for one troy ounce of gold
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I don't consider it a larger scale reversal for now, but it's possible.
It needs to cross my resistance line.
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HiTech PRO IvanLabrie
of course too early to say, just speculating
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