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So which one do you call?

by Gav Leave a Comment

firework.jpgLet’s look at GOLD. I just love this chart. Clean and clear. We have a new higher low and the recent pull back ended earlier than I had expected. Anyway, strong uptrend is still intact.

Here is the trend score :

gold09feb2008daily_trend.JPG
About this tool

Here is the…..CHART!

[photopress:gold09feb2008daily.gif,full,alignleft]

While we prosper in GOLD, we have to show some sympathy to the once beloved dollar. :o: . Let’s have a looooook at USD. I know you would say that, OK, we might have bottomed now. Err…I don’t know. Yup, we are in the trading range for the past couple of weeks. And , now, it looks a little bit weak to me. . Ah…who knows? Which one do you think? Dollar rally or bloody sell off in the making?

Here is the trend score:

usd_daily_09feb2008_trend.JPG
About this tool

Here is the……CHART!

[photopress:_USD_daily_09Feb2008.GIF,full,1]

By the way, if you are interested, you may wanna check out this video about how to apply the trend score on GOLD trade.

Filed Under: Trading Journal Tagged With: FX, Trading Journal

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