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Durable goods in US decreased 3.4 percent ahead of FOMC worst since august 2014....and with increased inflation this may cause FOMC to hold rates this year in order to kill dollar....Gold already broken daily and weekly charts can well see 1410 plus....downside limited to 1255 and very strong support at 1272....USD JPY seems heading towards 115 if Fed holds rates which is more likely a scenario
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Buying EURO
Buying EURO at 1.12900 with SL 1.12760 and tp1 1.1390/1.1416
Where market is heading--In all cases buying gold choice
Gold a very strong buy , we could well see it hitting 1311 then 1317 then 1323 and break of 1325 will open doors for 1350.Only one condition can bring gold down if crude and dollar index both are relatively strong at the same time.
When we see crude down, that indicates economy is slowing down and gold is our haven. With global slowdown its challenging for Fed to increase rate hikes this year...I well see gold and crude moving up this year.
I buying gold and crude on dips
SL gold below 1274-1276
When we see crude down, that indicates economy is slowing down and gold is our haven. With global slowdown its challenging for Fed to increase rate hikes this year...I well see gold and crude moving up this year.
I buying gold and crude on dips
SL gold below 1274-1276
GOLD strong buy till 1320 from 1290 SL 1274
Signal gold buy 1290 till 1320 SL 1274