Today, gold has a session open for $ 1335 usd/ounce and then increased to achieve seamless high to date this is 1358 usd/ounce. Thus, the recovery of this correction is going as expected.
With changes in the days when Golden continuous closed session the previous day should reduce the ability to open the U.S. market pressures will push gold prices down and profits back to receive the following basic information:
News 20H 30 Leading Index m / m (leading indicators) in Canada. With expected at 0.2% vs. -0.1% previously. If this index increased more than forecast, up from USD CAD.
20H 30 News Wholesale Sales m / m (International sales in Canada). Forecast at 0.1%, 1.2% previously. If the index fell more than forecast, the reduction of CAD and USD rose.
News 30 ECB President Trichet Speaks 20H (ECB President Trichet said.)
News 20H 30 Claims unemployment (unemployment benefit U.S.). With the forecast at 442,000 compared with 435,000 the previous period. This is the number of people applying for unemployment benefits last week, is published weekly. If this index increased more than forecast, the dollar falls, gold rises.
MPC Member 21H 45 News Speaks Posen (Posen said MPC members).
News in 22h 00 Philly Fed Manufacturing Index (Index of production in the State of Philadelphia). Forecast at 5.1 vs. 1.0 before, if the increase as predicted Gold down, dollar up.
... ...
On technical analysis, gold is now around 1357 usd/ounce and is continuing on the chart for when the whole direction and Tenkan Kijun create balance around the price of 1375 usd/ounce. Combine candlestick patterns are likely to meet resistance Golden relative reduction candle on 16/11/2010 with 1364 peak usd/ounce. In diagrams such as 4H, the shorter is the indicator Kijun down when prices are relatively Tenkan horizontal distance. With the increase before the U.S. session should be able to psychological factors to consider and coordinate strategies used in order to follow directions on the back. Therefore, we can combine the following two trading strategies:
*****
Selling 1359-62.
Stop loss: 1369.
Take profit: 1354-1349-1444.
*****
Buy: 1339-42.
Stop loss: 1332.
Take profit: 1350-1360-1470.
With changes in the days when Golden continuous closed session the previous day should reduce the ability to open the U.S. market pressures will push gold prices down and profits back to receive the following basic information:
News 20H 30 Leading Index m / m (leading indicators) in Canada. With expected at 0.2% vs. -0.1% previously. If this index increased more than forecast, up from USD CAD.
20H 30 News Wholesale Sales m / m (International sales in Canada). Forecast at 0.1%, 1.2% previously. If the index fell more than forecast, the reduction of CAD and USD rose.
News 30 ECB President Trichet Speaks 20H (ECB President Trichet said.)
News 20H 30 Claims unemployment (unemployment benefit U.S.). With the forecast at 442,000 compared with 435,000 the previous period. This is the number of people applying for unemployment benefits last week, is published weekly. If this index increased more than forecast, the dollar falls, gold rises.
MPC Member 21H 45 News Speaks Posen (Posen said MPC members).
News in 22h 00 Philly Fed Manufacturing Index (Index of production in the State of Philadelphia). Forecast at 5.1 vs. 1.0 before, if the increase as predicted Gold down, dollar up.
... ...
On technical analysis, gold is now around 1357 usd/ounce and is continuing on the chart for when the whole direction and Tenkan Kijun create balance around the price of 1375 usd/ounce. Combine candlestick patterns are likely to meet resistance Golden relative reduction candle on 16/11/2010 with 1364 peak usd/ounce. In diagrams such as 4H, the shorter is the indicator Kijun down when prices are relatively Tenkan horizontal distance. With the increase before the U.S. session should be able to psychological factors to consider and coordinate strategies used in order to follow directions on the back. Therefore, we can combine the following two trading strategies:
*****
Selling 1359-62.
Stop loss: 1369.
Take profit: 1354-1349-1444.
*****
Buy: 1339-42.
Stop loss: 1332.
Take profit: 1350-1360-1470.
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