How are your forex trading progress going on...I thought you might to be interested to take a look on technical analyse...
Gold (XAU)- broke lower as USD strengthened and Oil dropped off. Strong support at $850 held. Overall trading with a low of USD$851.50 and high of USD$873.50 ending the New York session at USD$857 an ounce...
EUR/USD-The pair has consolidated around the 1.4900 level for the past few days without making any significant breach. However, the Bollinger Bands on the 4 hour chart are tightening, indicating that a sharp price movement is imminent. Waiting for the breach and swing might be a good strategy today...
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Regards
1 comment:
By the way, how do you see correlation between gold and usd?
nimzoindy
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