Happy Martin Luther King

Today it is the off but I am very busy with the homework. The forex market is very quiet and esp the gold is just like dead meat.

The 1245 to 1253 will be a very strong resistance for the gold so after a rise just few days ago I think this will will be a down trend a little bit to be bounded by 1245 to 1253. However, once the gold hits above 1253 and will go for a very strong position, the gold will be bull in the first half of the year. And at the same time, I hold the opinion that the economy of the US will not be recovered that fast. Therefore, A little be cautious move and a little little bit of adventure will add more spicy flavor to the market. So I will short fast this week with small positions.

And as for EUR, today's data didn't seen good at all and it is quite dangerous to short again but now the price has reached a strong pivot on 1.35390 so let's do a little long first. Tomorrow will be very important for EUR since the German Economic Sentiment and this will determine the direction of EUR.

Wednesday, the AUD will have new moves on the CPI data and GBP on MPC votes.

this weeks trading pairs:
AUD/USD, GBP/USD, GBP/JPY, XAU/USD, EUR/USD, NZW/USD

The tapering effect, I suppose that the Stock market will be hitting the platform now and must down for the next few years. The forever good is no good. The rise, the palatal, and the fall this is how the world goes.