GBP/USD is still in the sideway movement. No direction, no signal. For the trading in daycharts we are watching the market from the sideline. Gold in USD is on the fly. Gold in EUR has still not reached the last high. Will we soon see the next break in the market? Important for traders is now to protect their most important tool and this is your money.
What is your opinion about GBP/USD? Leave a Comment and let us know.
| 07.10.2009 Boring!!! Still no movement in GBP/USD...Read More |
| Written by Dragon | ||
| Wednesday, 07 October 2009 19:23 | ||
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07.10.2009 Boring!!! Still no movement in GBP/USD...Read More Wednesday, 07 October 2009 © 2012 - www.forex-dragon.com Powered by QuoteThis © 2008 |












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However, in the end the moves don't provide a signal in the daily chart.
We are still in an established downtrend but downforce obviously losens strenght this days. On the other hand, it is much too early for a long position.
Indeed, gold is rising and even better is silver. Gold has reached an all time high and a consolidation is possible whereas silver has still space up to that top.