Thread: The Greenback Is Now In Polar Bear Territory

Gold:There is a very distinct upwards channel forming on the 4 hour chart. The slow stochastic is floating at the 65 level and indicates further upward movement. This could be a great opportunity for forex traders to enjoy a strong signal for the continuation of a sustained bullish move.

gold continuously hits the important psychologycal level of $1.000 confirming the strong trend. Today we could see Gold crossing this level to set new highs.

Economic data releases and Bernanke's speech today will contribute to more volatility.

rgds,

and gold crossed the $1,000 barrier 1 hour ago and is now heading to $1,010 without problems. The strong upward trend in Gold has been confirmed.

rgds,