Fara Wave

Buying a few gold coins or the odd mini-ingot and hiding them away has been a successful investment strategy over the past five years. Even in the annus horribilus of 2008 investors who chose gold over other asset classes have been well protected while others have seen their wealth decimated. US dollar gold prices have [...]

Explosive rebound puts pair currently back in long term channels off 2005/2002 lows (bottom at 1.4147 today): Support area at 1.4392 (reaction low hourly), with next levels at 1.4328 (daily envelope bottom), ahead of 1.4283 (broken daily Bollinger top). 1.4013 = daily Short Term Moving Average↑: ideal area to stay above to keep current mood [...]

Explosive rebound now trying to regain broken long term Uptrendlines off 2005/2002 lows (1.4140 today), with 50% of drop from 16040 having been retraced (1.4185) Support area at 1.4020/ .3998 (daily envelope bottom/ today’s low?), with next levels at 1.3948/ .3934 (broken daily Bollinger top/ break-up hourly). 1.3728 = daily Short Term Moving Average↑): ideal [...]

Explosive rebound puts pair currently back in long term channels off 2005/2002 lows (bottom at 1.4148 today) and tested 200 Day Moving Average↓ (1.4702 today): Support area at 1.4185/ .4177 (reaction low hourly/ daily envelope bottom), with next levels at 1.4155/ .4146 (see below/ daily Short Term Moving Average↑: ideal area to stay above to [...]

Strong rebound off 1.2548 puts pair above (1.3081: neckline Double Bottom: 1st target has been met) and above daily channel top off high (1.3350 today), with 1.3747 being approached (see above): Support area at 1.3651/ .3633 (daily envelope bottom/ broken daily Bollinger top), with next levels at 1.3584 (break-up hourly) and 1.3437 (daily Short Term [...]