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- AhmedFouad replied Nov 14, 2006
Prices edged lower reaching 618.90, and now it seems like a short term move would be a bearish trend start. Would wait candle close to confirm.
- AhmedFouad replied Nov 13, 2006
Daily chart now looks a bit neutral between buyers and sellers. While the 4-hour chart is slightly bearish. So today buyers need to take prices higher towards 630USD to avoid a deeper correction. At this stage, it's not clear bull or bear yet. ...
- AhmedFouad replied Nov 12, 2006
Trend Overview for XAU/USD 13 Nov, 06 4-hours trend => neutral daily trend => bullish weekly trend => bullish Scope is still for more gains in the days and weeks ahead, perhaps towards 650USD. While pullbacks can stall beneath 620/610USD as dip ...
- AhmedFouad replied Nov 11, 2006
Indeed, technically it had to bounce to the 600-605usd sup, but it only bounced a few. Looks like dip buyers are even closer than 600usd, @620usd. The dollar slide which may extend against most currencies and metals, perhaps we are touch ahead of ...
- AhmedFouad replied Nov 10, 2006
It was indeed reacting to oversold conditions, but we are not overbought too. The candle is bearish today, but bullish stance remains. Let's see what happens tomorrow before acting.
- AhmedFouad replied Nov 9, 2006
The XAU/USD broke higher instead of bouncing to 600USD support area, right now we touch the upper band of the trading range, made a high of 634.77. And we have little chance of a bounce now I think at least in the immediate future, because the ...
- AhmedFouad replied Nov 9, 2006
The daily candle today is a touch long, lets see.
- AhmedFouad replied Nov 9, 2006
XAU/USD..Give your opinion — Hello, Gold traders, what do you think about upcoming Gold move, technically? Please share. I see 2 possibilities and I need your opinions which one is more possible. Actually, I am new to trading Gold, so if ...
- Posts by Member Search: 'AhmedFouad'