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.
Careful, gold moves in a larger timeframe, I'll update my monthly now.
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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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Indeed, but it's a very real possibility, one which I expect, but won't act until it fits my rules and strategies.
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HiTech PRO IvanLabrie
agree
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