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LiveLeak LiveLeak XAUUSD, D, Long ,
XAUUSD: Gold breaks back into daily channel
109 0 6
XAUUSD, D Long
Gold breaks back into daily channel

A weak dollar makes for increases in our favorite yellow metal, and this just goes to show exactly what a weak dollar can do to it. Lets look for some more pips going into the next week with this one. After Gold's low around 1207, a reversal pattern on the fib was recorded and used to generate solid profits. Keep an eye on this pair into the weekend and ...

jindrake jindrake USDJPY, 240, Long ,
USDJPY: UJ to hit at least 108.804
48 0 4
USDJPY, 240 Long
UJ to hit at least 108.804

This pattern shows a gaining support of an uptrend for UJ. After a long drop, its finally hit resistance at 106.5 and has been rising ever since, as shown by this 4h chart.

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