as per yesterday, I expect 80/81 to be decent support (maybe dipping to as low as 77), however so far sellers have not been really challenged by buyers.

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80/82 area saw lots of activity today so I expect it to be strong support..maybe dipping few bucks below that level

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the problem it's difficult to envisage which way it will go...will the be flight into USD? Gold? or will the whole world will start dumping every sovereign bond? or on the contrary some sovereigns will benefit ... who knows exactly....what is the ...

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. Bad jobs = continued fed printing Japan printing - a lot of liquidity, some of it is bound to go into precious metals. Perhaps also there will be increased demand from Japan in the medium term due to JPY devaluation which is likely to continue in ...

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Daily EMA21 has been invalidated imho, have to wait until the end of the day though to be sure but price has moved too far away from it for my liking

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have to be careful not to get carried away now, because at least in my experience when you get excited about something thats when you get your Margin Call handed to you...

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price ran into a strong resistance at 78-79.. maybe it will be the top for now.

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and then it gets slammed from higher levels

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looks like more and more buyers stepping in at lower levels

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I dont depend on his system at all but the guy has some magic powers of prediction )))

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to seems like there are buyers around 72/73 area but I still see this reversing Friday's move...

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so it looks like it closed at or above 73....what does your system tell ya?

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gold has done it so many times now - i.e. rally on some news and then give up all the gains and then some ... and it look like its going to do the same here.

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There is also a daily pivot at 1569 but I dont trust monday pivots as they are based on sunday's range

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Yup I see 1566 level as a decisive level for today if it gets there..if we break though that then lower it should go otherwise it can bounce from there.

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have this feeling that we will see reversal of Friday's move today on gold.. it hit daily resistance at 81/82 where daily EMA21 lies and many times price bounces off that EMA the first time it reaches and in a trend it could be used as a signal to ...

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By TRADE JPY pairs you mean buy and hold until JPY halved in value? )))

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I've heard something like that 2 days ago but mainly with Spanish banks (rumour was that they will start booking losses), although it wouldn't surprise me if they all are insolvent... Sidenote : Don't fight guys, its a peaceful place ))

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Just to point out the insanity (in my view) in the markets, French 10 year yield is at 1.73%. Euroarea inflation I think was 1.7% in the last print, so basically you give money to France for 10 years in order to get 0% real return!and thats assuming ...

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the up move doesnt seem like it will last... although i would like it to

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