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GOLD: Corrective Risk Developing

GOLD: With a marginal lower close seen the past following its price rejection, a move higher could be developing. Support comes in at the 1,080.00 level where a break will aim at the 1,069.00 level. A cut through here will open the door for move lower towards the 1,040.00 level. Below here if seen could trigger further

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EURUSD: Loses Upside Momentum, Faces Downside Risk

EURUSD: Having EUR reversed its entire past week gains to close flat, it now faces risk of a move lower in the new week. Support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.0600 level with a turn below that level targeting the 1.0550 level. Resistance is se

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USDCHF: Sees Price Hesitation

USDCHF: Broader outlook for USDCHF may be higher but it faces the risk of a move lower following its price hesitation the past week. Resistance resides at the 0.9700 level with a breach targeting the 0.9750 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.980

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GBPJPY: Sets Up To Correct Lower

GBPJPY: The cross remains vulnerable to the downside after failing at higher level prices on Thursday. On the downside, support comes in at the 193.00 level where a violation will aim at the 192.00 level. A break below here will target the 191.00 level followed by the 190.00 level. On the upside, resistance lies at the

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EURUSD: Sees Price Extension, Eyes The 1.0800 Level

EURUSD: With EUR extending its price weakness during Thursday trading session, threats of further downside pressure is envisaged. Support lies at the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will aim at the 1.0750 level with a turn below that level targeting the 1.0700 level. Its dai

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CRUDE OIL: Triggers Correction, Eyes More Strengthen

CRUDE OIL: With the commodity closing higher on further correction on Wednesday, it faces further upside pressure. On the downside, support lies at the 48.00 level where a break will expose the 47.00 level. A break will aim at the 46.00 level and then the 45.00 level. Below here will open the door for a run at the 44.0

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GBPUSD: Outlook Remains Higher On Corrective Recovery

GBPUSD: Having continued to hold on to its recovery bias by extending its strength during Wednesday trading session, further move higher is expected. On the upside, resistance resides at the 1.5700 level with a break aiming at the 1.5750 level. A violation will aim at the 1.5800 level and possibly higher towards the 1.

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Trading: What Are You Willing To Risk

So what is the hardest aspect of trading and investing? Some would say that the constant challenge of never really knowing if the market will rise of fall is tough. Others would suggest that guessing when the best time to take profits is their biggest hurdle. Let’s face it, we all see things in different ways and it is

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