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Today US Dollar Up – Gold is Down

December 13, 2013

Dec 11 -Gold 2014 Target  Break of $ 1000 for $ 800.

GMT 3:25 – GOLD @ $ 1228 = Should cap below $ 1235 & may exhaust around $ 1232, break of $ 1222-24 is required for test $ 1215-18 zones.
GMT 3:48 – EURO @ 1.3759 = See resistance around 1.3780-90, should hold. Break of 1.3730-40 is required to test 1.3695-05 zones. Or else 1.3820.
GMT 3:55 –  GBP @ 1.6357 = Only break of 1.6380 may give a minor push towards 1.6405-15 zones, where there is strong resistance. However, fall below 1.6325 will encourage for 1.6295.
GMT 4:08 – JPY @ 103.74 = This rally can extend up to 104.05 before profit taking occurs for 103.40-50 or 103.20 or else will make another 25-30 pip gains.
GMT 4:11 – AUD @ 0.8938 = Minor caution is suggested around 0.8900-05, needs to break for test of 0.8870 or else risks is for a test and break of 0.8860 for 0.8890-00 zones. of $ 1215-18 zones. Or else $ 1243.

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More Later…………………..

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