12 Dec 2009 @ 01.00 am (Malaysia)

SELL Area - 1.5187 - If the support break at 1.4983 the candle may go further down at1.4350 - my target is at 1.4850 only for today.

BUY Area - 1.5227 - break Friday high price possiblely candle will go to 1.5400 area and as long support hold at 1.4983 candle may go further at 1.5700 area.


Please confirm the m30/m5 displine and scalp is better today and please use RSI on m5 if you do. Happy trading pal and I'm feel tired but fresh after treks Gunung Nuang.



Tips From Money & Markets

Unemployment is hitting hard in January! A new, larger, wave of layoffs, postponed during the December holiday season, is hitting right now as we speak.

So if you think the announcement of 7.2% unemployment is shocking, wait till you see what’s coming next.

Millions more jobs will be lost. At the same time, retired Americans will suffer an across-the-board decline in investment income. And people of all walks of life will be scrambling to replace that money.

Gold is very cheap at this moment:

Adjusted for inflation, Gold should be above 1500without considering any boom. Many are wondering if commodities can continue to increase, without considering how depressed commodity prices were in the late 90's. An economy can live without services, or money, but people cannot decide not to eat or use Oil. Gold is money, the high price in Gold is reflective of investors concern about the value of money  any money. The US Dollar is a reserve currency so when USD goes down, so do many other currencies. The majority of USD holders are foreigners, but that is changing (in the past 10 years foreign USD holders have decreased from 77% to 62%).