Disliked{quote} No...I ll tell you I trade only real acc,and want to tell you cant come here and talk about trend without any proof or a chart,on EUR/USD you will be on ignore list almost everybody....end of me!Ignored
It is looking more like the market wants to go long today. Time will tell. Here's my reasoning:
Monday: saw a decline gently from open to close. Open price higher than close price. Decent volume of trade in closed market for US holiday. There was no apparent foresight on the day from London open, so it looked like a scalp market which was what it turned out to be.
Tuesday: saw the range from Monday continue until the American sessions drop of the value and gold smacked down pretty hard as gold often does. My opinion was that the market was still bearish at the close but not visible at that time. My decision was to wait for London Open on Wednesday and close of Asian session to see what the market was telling me.
Wednesday: 09h53GMT looks like gold may be bullish with recent history, but there's older history that says gold is really bearish dating back more than 6 months. We are still trading more than an estimated 35 times higher value of gold's historic levels before 2001 and have lost about half of the value in the last 2 years.
Larry Pesavento gave a signal today that we ought to short around 1276 and to expect gold to descend maybe as low as 800 in the longer term. For those of you who don't know, he has been trading since 1972 and is probably the world's current expert on Leonardo De Fibonacci's discoveries on golden ratios. Visit http://www.tradingtutor.com/ for more information and
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All trades are now off until after the 10h30 announcement from BoE Governor
You win, you lose. All else is history. The future does not exist.