-->Currency outlook mixed: Euro versus US$ is scary. If double bottom at 1.19 fails, odds favour a dive to 1.00. CHF also has double bottom risk, must hold 77 ersus US$ (wir sind gerade bei 00.760390 angekommen!)

Gold: The classic 3 emotional stages of bull markets, including this one in gold, are:

1. Disbelief.
2. Cautious aceptance.
3. Euphoria

Clearly we have finally come out of Nr. 1.
The acceptance stage is proven via participation by funds, volume & price rising
over important resistance points (an 18-year-high on 9/23). It's supported by economic factors of course, eg, inflation, excessive debt, etc.

This 2nd stage should run for serveral years, with numeours sharp rallies & scary corrections (up to 50 %) It will be a trader paradise, IMO. -- Technically, the chart is poised within $ 2.00 of a breakout, to 477.00, which would kill off the H&S top pattern that (if it breaks down) could see a slide to 450.00, even 440.00. That would then postpone the otherwise pending rise to 500.00.
If U see 477.00 in the next few days, take it as a buy signal. Conversely, a close under 470.00 may bring in selling to test the 461.00 neckline, which if broken takes us to 450.00, or 440.00 worst case.

soweit ein kleiner Auszug aus 12 Seiten Newsletter.

Emerald.

PS: Nicht nur für Fridolin, auch für alle andern!

-->>Currency outlook mixed: Euro versus US$ is scary. If double bottom at 1.19 fails, odds favour a dive to 1.00. CHF also has double bottom risk, must hold 77 ersus US$ (wir sind gerade bei 00.760390 angekommen!)
>Gold: The classic 3 emotional stages of bull markets, including this one in gold, are:
>1. Disbelief.
>2. Cautious aceptance.
>3. Euphoria
>Clearly we have finally come out of Nr. 1.
>The acceptance stage is proven via participation by funds, volume & price rising
>over important resistance points (an 18-year-high on 9/23). It's supported by economic factors of course, eg, inflation, excessive debt, etc.
>This 2nd stage should run for serveral years, with numeours sharp rallies & scary corrections (up to 50 %) It will be a trader paradise, IMO. -- Technically, the chart is poised within $ 2.00 of a breakout, to 477.00, which would kill off the H&S top pattern that (if it breaks down) could see a slide to 450.00, even 440.00. That would then postpone the otherwise pending rise to 500.00.
>If U see 477.00 in the next few days, take it as a buy signal. Conversely, a close under 470.00 may bring in selling to test the 461.00 neckline, which if broken takes us to 450.00, or 440.00 worst case.
>soweit ein kleiner Auszug aus 12 Seiten Newsletter.
>Emerald.
>PS: Nicht nur für Fridolin, auch für alle andern!