DailyMarkets.com - Gold: Next Direction

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• Gold: Next Direction
• Forex – EUR/USD Weekly Outlook: January 16 – 20
• Natural Gas Futures – Weekly Outlook: January 16-20
• Forex – GBP/USD Weekly Outlook: January 16 – 20

Gold: Next Direction Posted: 15 Jan 2012 11:43 AM PST With overnight Sunday trading of gold futures set to begin in a matter of hours I offer this post to lay out some of the parameters of the precious metal’s current technical situation. We will look at gold through a variety of time frames beginning with a monthly and weekly chart, then progress to the daily and four hour cycle charts.  It would be gratifying for me to jump to the conclusion that gold has finished its multi-month correction but I cannot do so in good conscience … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Weekly Outlook: January 16 – 20 Posted: 15 Jan 2012 07:39 AM PST Forexpros – The euro fell to an eleven-month low against the U.S. dollar on Friday, as market sentiment came under pressure after ratings agency Standard and Poor's downgraded nine countries in the euro zone, including France. EUR/USD hit 1.2623 on Friday, the pair's lowest since August 31, 2010; the pair subsequently consolidated at 1.2678 by close of trade Friday, shedding 0.12% over the week. The pair is likely to find support at 1.2623, Friday's low and resistance at 1.2946, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures – Weekly Outlook: January 16-20 Posted: 15 Jan 2012 07:36 AM PST Forexpros – Natural gas prices plunged on Friday, hitting a fresh 28-month low for the fourth consecutive day as forecasts for warmer-than-normal winter weather in the U.S. and concerns over high inventory levels continued to dampen sentiment on the heating fuel. On the New York Mercantile Exchange, natural gas futures for delivery in February settled at USD2.627 per million British thermal units by close of trade on Friday, plummeting 12.8% over the week, the biggest weekly drop since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Weekly Outlook: January 16 – 20 Posted: 15 Jan 2012 07:14 AM PST Forexpros – The pound ended the week lower against the U.S. dollar on Friday, tracking the euro's losses as market sentiment was hit after ratings agency Standard and Poor's downgraded nine countries in the euro zone, including France. GBP/USD hit 1.5232 on Friday, the pair's lowest since July 22, 2010; the pair subsequently consolidated at 1.5315 by close of trade on Friday, declining 0.68% over the week. Cable is likely to find support at 1.5232, Friday's low and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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