Interesting take on Gold and how the downtrend began way before the latest cliff dive......

http://www.forexandcurre...of-the-gold-short-trade/

@Hisah i went long at the break of 1.2220 and my trailing stop got hit last week :(.Now we are back under 1.23. I was hoping the rumours of SNB raising the floor to 1.25 would have given an opportunity to add a few more lots as the spike in volume was showing an outflow of the "save haven". I am closely following this as one could look at it as a good opportunity to buy?

http://www.efxnews.com/s...ng-floor-vs-nothing-citi

61.8% fibo retrace after massive selloff is as high as this relief bounce goes. Next down leg coming up. The selling is far from done.

@toni am def with you on this. Todays Europe open should def be interesting and am hoping there will be a retest of 100. On a side note Yesterdays volatility was crazy. Just reading a report that a huge market player placed a bid at 100.20 worth multiple billions on the interbank ECB system which resulted in the "rocket" from 99.94 to 100.60. I am just wondering how many people were stopped out on gbp,aud and nzd stop loss hunts.