Archive for July 19th, 2010
Spot Gold Technical Analysis (2010/07/19) Gold Continued Bearish Stance
(Please click on the spot gold chart thumbnail to enlarge) 7/19/2010 Spot Gold Technical Analysis (FXpath.com) – Gold (a 4-hour chart of which is shown) as of Monday (7/19/2010), has tentatively dropped below its prior support of 1184-85 after breaking down below both a bearish rising wedge pattern last week and then a bearish inverted pennant pattern to begin the new [...]
Forex Trading Technical Analysis (2010/07/19) EUR/GBP Breaks Out and Takes Off
(Please click on the forex chart thumbnail to enlarge) 7/19/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/GBP (a daily chart of which is shown) as of Monday (7/19/2010), has reflected the new week’s sharp downmove in GBP/USD and milder upmove in EUR/USD by continuing last week’s bullish momentum that broke out above 0.8400. By breaking out above the resistance confluence of the 0.8400 level combined [...]
