Appears that a fresh leg up has begun that will take us beyond recent highs achieved vs EUR, GBP and JPY. Against USD, a lot more work that needs to be done before we take out 1226.- Parameters : [Previous All Time High, Recent Low, Current, All Time High, % Distance from All Time High]
- vs USD : [1031, 1074, 1153, 1226, 6.3%]
- vs EUR : [793, 755, 796, 812, 2.0%]
- vs GBP : [700, 674, 717, 735, 2.5%]
- vs JPY : [103695, 98044, 106486, 107721, 1.1%]
- Relative strength ranking : Gold, USD, GBP, EUR, JPY. So, Long Gold/Short JPY?
11 January 2010
Gold : Fresh Leg Up
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