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Shivani Financial GBP/USD short term bottom seems 5478-5383 and top 6210-42. Shivani Financial EUR/USD short term bottom seems 2580-2618 and top 3510. Shivani Financial USD seems to weaken this quarter with GBP target of 6330 and EUR of 3250 if talks of QE3 takes place and euro area resolution policies implemented without new story. Shivani FinancialGold has taken correction according to our forecast for it to go 1850 by August end.

Monday, January 16, 2012

Gold will again play an important role(16-Jan-2012)

With the recent sovereign credit issues in both the U.S. and Europe, and weak economic data from both sides of the Atlantic, I believe the safe haven characteristics of gold will again play an important role in the performance of the metal.The more lower lows gold can make the strong the next rally willl be.I feel if we get one more sharp drop in price it will set the stage for a multi month rally.I am not looking for short i am waiting for a final dip before buying in again.


By
M.Zohaib Gadit
Forex Trading Consultant

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