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Kelas Forex Patterns and Strategies akan di adakan pada 22 Disember 2011 bertempat di Ayer Keroh, Melaka. Fee hanya RM500. Hubungi saya untuk pendaftaran dan maklumat lanjut. TQ.
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Good day traders!
Gold Daily
Technically;
- Nearest support lies at $1668 (fibo 50%), $1636 (fibo 61.8%) and psycho level $1600.
- Resistances are waiting at $1682 (fibo 61.8%), psycho level $1700, $1727 (fibo 50.0%), $1738 (fibo 23.6%) and $1772 (fibo 38.2%)
- Daily RSI support more weakness from the yellow metal.
- With no really big news from the US, Euro zone again become very significant in driving the fear and greed of traders.
- Risk off trading simply mean traders give up their position in gold to sought other investment instruments such as equity and stocks. A simple way to explain is when people sell gold, they buy USD. For that matters, please watch US Dollar Index closely. It might provide us some valuable informations.
Shufaad
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