The Traders Network
FX Gold Observations
Gold
This is the first gap up on the Gold market since early March 09.
If we get some follow through to the up side.. we could go parabolic if the 11/15/09 cycle day proves to be an acceleration point instead of a pivot point. I will be watching with great interest.
All in all this looks very bad for the USD and very good for the Crude Oil market as well. I consider Crude an international currency between countries in the G20
FX Gold Trade
This is the first gap up on the Gold market since early March 09.
If we get some follow through to the up side.. we could go parabolic if the 11/15/09 cycle day proves to be an acceleration point instead of a pivot point. I will be watching with great interest.
All in all this looks very bad for the USD and very good for the Crude Oil market as well. I consider Crude an international currency between countries in the G20
FX Gold Trade
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