Don't forget the fundamentals atm guys. The expectation is that ECB will drop the interest rate and that they will maybe implement QE measures like in States and Japan, but this is all guess ofcourse... So much for the austerity measures then
For now I will stay on the sidelines and wait it out
That pair is showing head and shoulders patron, combined with a channel that looks like flag. Possibly a nice short position when it pulls back to the upper border?
What a substiantial move.... There is a rumor that big banks and institutional invetors like Soros are intentionally talking prices down, so they can buy gold cheaply. Just like Goldman Sachs did with oil prices. Claiming that it would reach 200 dollars a gallon and on the other hand selling it...
3 april 2013 ....................................... actual forecast previous
14:15 USD High ADP Nonfarm Employment 158K 200K 237K
5 april 2013
14:30 USD High Nonfarm Payrolls ...............???? 200K 236K
If we look at the previous one, than this will be...
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