forexqs.blogspot.com
09-07-2009, 08:16 AM
Wild Card Gold 7 Sep 2009 (http://forexqs.blogspot.com/2009/09/wild-card-gold-7-sep-2009.html)
Monday, 7 Sep 2009
Dollar Expects Low Volatility Today
Today is a quiet news day for the U.S. and Canada, as there are no economic data releases on the calendar today. However, Britain and Euro-zone appear to be releasing the bulk of today's news, which means we may see a day of trading with low liquidity and therefore increased volatility. Day-traders can take advantage of these intense trading days by swinging within the larger-than-normal price fluctuations
http://1.bp.blogspot.com/_477SKWYnnbQ/SqTl4jeQ-JI/AAAAAAAAAH4/1hUlBWq0wOM/s400/Forex+Market+Trends.jpg (http://1.bp.blogspot.com/_477SKWYnnbQ/SqTl4jeQ-JI/AAAAAAAAAH4/1hUlBWq0wOM/s1600-h/Forex+Market+Trends.jpg)
The Wild Card
GoldGold
prices rose significantly in the last week and peaked at $992.65 for an ounce. However, the daily chart's RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.
Monday, 7 Sep 2009
Dollar Expects Low Volatility Today
Today is a quiet news day for the U.S. and Canada, as there are no economic data releases on the calendar today. However, Britain and Euro-zone appear to be releasing the bulk of today's news, which means we may see a day of trading with low liquidity and therefore increased volatility. Day-traders can take advantage of these intense trading days by swinging within the larger-than-normal price fluctuations
http://1.bp.blogspot.com/_477SKWYnnbQ/SqTl4jeQ-JI/AAAAAAAAAH4/1hUlBWq0wOM/s400/Forex+Market+Trends.jpg (http://1.bp.blogspot.com/_477SKWYnnbQ/SqTl4jeQ-JI/AAAAAAAAAH4/1hUlBWq0wOM/s1600-h/Forex+Market+Trends.jpg)
The Wild Card
GoldGold
prices rose significantly in the last week and peaked at $992.65 for an ounce. However, the daily chart's RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.