rufffen XAU spot gold and majors trades

[rufffen]

GBP USD update

as per post number 34 of 6th of march, cable is reversing, dropped approx 350+ pips and still got 200-600 pips to go. Targets are still 9800 9600.

[rufffen]

QUICK UPDATE

Recent GBP USD recommended trade resulted in 350+ pips per one lot.

Recent EUR JPY results - 300+ pips as per recommended trade per one lot.
Also on EUR JPY - "SHORT at market open SL 156.75 TP 152.51. Once TP is hit, you might want to reverse for 156." - quoted from 16th of March 2008.

Reversal trade: +350 pips - overall EUR JPY this week 650+ pips per one lot.

Recent recommended trade EUR CAD (short since 5800) - came close to +400 per one lot, reversed at 5470 (+330) and now is +115 pips.

Weekly tally on 3 pairs is +1115 pips per one lot.


Now as per SPOT GOLD

break below 992 opens further downside with 962-967 for reversal. - posted 16th of March.

Currently trading below 983, also, recommended SELL ZONE was 1035-1052, which is only 4 dollars away from this weekly spot gold reversal point.

Balance point was 990 this week, so this info is enough to place profitable trades.


Enjoy the rest of the week, new setups coming up SAT/SUN!

[rufffen]

XAU SPOT gold has reached weekly SUP ZONE 2 and looks a decent trade loading up LONGs now. TP at 966. Currently trading at 946. Good luck with the trade!

[rufffen]

quick update

SPOT GOLD trade got stopped out with a loss. Reloaded again for 960, current price is 936.
GBP USD 1st target reached - 9800 since pretty much the very top (+500 pips just on this one per one lot)

[rufffen]

QUICK GBP USD update

Price action looks like reversing for 2.0000 now, another good opportunity to get in SHORT for 9800 9600 again, targets will be reached next week.

[rufffen]

EUR USD 1 hour chart update

Looks as a retest of 15600 area is coming, however, from that point onwards will continue southbound. TP targets are 15200 initially and 14800 as the downtrend accelerates (IF).

SPOT GOLD

What a drop on profit taking, over 100 dollars! My last 2 recommended trades resulted in 25*100 2500 points losses, however recommended spot gold trades this week are a total of -10+(-15)+30 = + 5 which is 500 points

2 losses resulted because of buying in SUP ZONE2 (927-945).

Next week, I will post SPOT GOLD setups based both on weekly/monthly zones confluence, since the volatility is really high lately.

BTW recommended SELL ZONE on SPOT gold missed the top by 2 dollars (1035 and actual top was at 1033). Oh well, better luck next time!

[rufffen]

NEXT WEEK TRADING ZONES

CURRENCY	EUR/USD	GBP/USD	USD/JPY	SPOT GOLD	USDX	EUR/CAD	EUR/JPY	GBP/JPY	ACTION
SUP ZONE2
A1	1.4879	1.9200	92.15	774	0.0000	1.5073	146.81	184.75	BUY1
A	1.5071	1.9404	93.93	823	0.0000	1.5254	148.83	188.21
SUP ZONE1
B1	1.5264	1.9609	95.71	872	0.0000	1.5435	150.85	191.67	BUY2
B	1.5323	1.9672	96.26	887	0.0000	1.5491	151.48	192.74
RES ZONE1
D	1.5827	2.0208	100.92	1015	0.0000	1.5965	156.77	201.80	SELL2
D1	1.5887	2.0272	101.47	1030	0.0000	1.6021	157.39	202.87
RES ZONE2
E	1.6079	2.0476	103.25	1079	0.0000	1.6202	159.41	206.33	SELL1
E1	1.6272	2.0681	105.03	1128	0.0000	1.6383	161.43	209.79