All Majors and Gold

Hey Gno,long no chat.Hope you are good.
Gold looks to me like its being bought up here,
this really looks like its getting ready to breakout to the top side.
Just need to clear 1724 and 1734

Welcome jezek5

Drop by anytime your experience and views are very much appreciated


Right now I'm not convinced that we are going to the upside.

I know what you mean mate,but everything i'm looking at
seems to be showing buying pressure,time will tell.
Been hearing that general public are getting out and some very big
players are getting in.

Aussie.
Worth a punt.
Not sure how long i'll stay in it though.

this pair has been in major range in the last few years with smaller range since jul/12 1.016-1.061 and a bigger one since sept 2010 from 0.9650 - 1.106

so right now we are ranging on the small range.
as you've shown there is a strong support at 1.04x and percentage of getting a pull upwards is on your side. Also a range of 1.041 - 1.047 in the few weeks...so a bounce here is a high percentage again
-also we have a good resistance at 1.044x...good for at least 30pips bounce today

well that's it..... good luck to all

G

http://www.forexfactory.com/showthread.php?p=6173626#post6173626

With Europe Back in Spotlight Investors Run for Cover

By Jeff Macke | Breakout


America's post-election glow didn't even make it to the opening bell. After meandering near the flat-line all night markets were slammed when ECB President Mario Draghi said he was anticipating weakness in the European economy for the foreseeable future. Draghi's remarks came ahead of efforts by Greek officials to pass yet another austerity package in order to avoid economic collapse. In the face of such uncertainty traders decided discretion was the better part of valor and sold off stocks by more than 2% in early trading.

David Lutz, managing director and head of ETF trading at Stifel Nicolaus, thinks investors better get used to negative news out of Europe. "We're really coming down to the end of the game right now to see if Greece is going to be staying in the eurozone and getting some capital," he says.
Greek unrest brings back the negative cycle that dominated 2011 --a U.S. recovery stymied by our main trading partner not just slumping economically but potentially ceasing to exist in current form. More discouraging still, Lutz says Greece is only 3/4 of the way through a process that has lasted years already.

Now as it was last year, Germany holds the key. The German economy has been on a very slow descent into a recession for more than a year. Having the eurozone intact has been to Germany's benefit as long as exports remained strong. Should the German economy going into a free-fall, German officials are unlikely to be able to keep selling the citizenry on the idea of subsidizing Greece.

In the near term Lutz is watching the ECB tomorrow for evidence that the nascent central bank is willing to ease rates. The Street isn't expecting such stimulus, but with inflation fears somewhat mitigated and economic data going south, an incremental move would be welcomed.

There isn't a final deadline for when Europe makes a definitive decision regarding Greece or, for that matter, the rest of the PIIGS. The efforts to kick the can down the road are all about buying time for the economic cycle to kick in and bail out Europe organically. As evidenced by today's sell-off, Wall Street isn't a patient place.

Yep.
S&P helped the push down in the Aussie today also,
S&P is looking heavy at the moment but its no surprise,
not only all the fiscal crap thats making the news but also
November is year end for a lot of big institutions so they'll
be booking profits,after all,up to now the S&P has had one of its best
years in the last 10 years,cap gain tax goes up next year also.

i love your charts....sooo simple...how do you keep it so?

I like this new look for FF

aud news ....does this mean short for this pair

7:30pm AUD Employment Change 0.2K 14.5K

7:30pm AUD Unemployment Rate 5.5% 5.4%

I need to see whats happening.

just what i want to hear...

Drop EU drop

Greeks clash with riot police as politicans pass austerity measures
http://www.forexfactory.com/attachme...1&d=1352331826 From telegraph.co.uk
http://images.forexfactory.net/misc/news_quote.gif Conservative and socialist lawmakers from Greece's three-party coalition government voted to adopt the €18.5bn budget cuts by 2016 despite protests earlier in the day by more than 70.000 people who massed outside the parliament. Violent protesters threw fire bombs and rocks at police, who responded with stun grenades, tear gas and the first use of water cannon in Greece in years. Inside the building, lawmakers interrupted the debate as Parliament employees went on strike to protest wage cuts. According to Athanassios Nakos, second deputy speaker of the parliament, 153 out of 299 lawmakers voted in ... (full story)

is this the break i am looking for

wow....

7:30pm AUD Employment Change 10.7K 0.2K 15.5K

nicer....

7:30pm AUD Unemployment Rate 5.4% 5.5% 5.4%

look eu and xau.usd not moving at all...

51885357 xxxxxxxx EUR/AUD xxx S 1.22649 1.22376 11/7/2012 18:10 11/7/2012 19:36

nice trade G....40 min 28pips

what to do next?

means it will remain bullish right ?

the numbers look bullish but i'm not the greatest reader of fundimentals....

wierd as it not affect xau.usd at all

btw chinese government changed aslo happening...