Wednesday, October 27, 2010

Gold in Euros looks at crossroads...

Besides the overpowering dollar weakness of the last months, which translated into all kind of inflationary risk trades, we see that Gold has shown some strength.

This Gold in euros chart adjusts for the Dollar effect and it seems to enter into a zone of converging trendlines, FibTime zones, support & resistance zones which hints at some sore of resolution in the next 1-2 weeks....

2 comments:

  1. My WOW indicator that has worked like a charm, LT prediction.

    http://lh6.ggpht.com/_nWni2LcWFe0/TMjhWbr8ryI/AAAAAAAAAI4/McPawHVtfBM/s640/wow.png.jpg

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