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Welcome to the FXReturn.com London Forex Market Call for September 10th.,2010. GBP/USD: Closes near the highs of an inside trading session. A close above resistance at 1.5520 will spark a rally into the 1.5616 area. Consecutive closes below the 10 day average will encourage selling down to 1.5295 then 1.5238. Stochastics remain positive which is supportive of a near term rally | GOLD: Profit taking sends Gold down to an intraday low of 1241.8. A close below 1246.1 will encourage more selling down to 1237.3 which is major near term support. A recovery of the 1250.00 area will regain the bullish momentum. Technicals are starting to weaken | Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com ...

Welcome to the FXReturn.com London Forex Market Call for September 9th.,2010. GBP/USD: Closes near the highs of the session as the market encounters resistance at the April high of 1.5520. A piercing of resistance will spark a rally into the 1.5616 region. A failure of 1.5441 will encourage selling down to 1.5295 then 1.5238. There appears to be bullish divergence forming on the stochastics. A close above 1.5520 will confirm this pattern | GOLD: Trades just shy of the all time high at 1264.8 by $2.80. and closes on session lows. Technicals remain positive supporting further price appreciation. 1246 is near term support | Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com as well ...

Welcome to the FXReturn.com London Forex Market Call for Wednesday September 8th.,2010. GBP/USD: Closes mid-range as the market had a late session rally from earlier lows and spent most of the session below the 50 day average. The next downside objective is 1.5238. Conversely, a close above 1.5431 will spark a rally into the 1.5520 region. But as I had mentioned before in earlier reports that the funds are net short by 15,266 contracts which will have a dampering effect on any near term rally | GOLD: Trending higher and comes $5.3 shy of the all time high set back in June at 1264.8. A close above 1264.8 will spark further price appreciation into the 1275 region. Our long term forecast is set at 1300.00. Near term support is at 1237.3 | Daily ...

Welcome to the FXReturn.com London Forex Market Call for Friday September 3rd.,2010. GBP/USD: Closes near the lows of an inside trading day as the market spent much time during the session below the 50 day average. A break below 1.5326 will spark a sell off down to 1.5238. Conversely, A piercing of the 1.5490 will ignite a rally into the 1.5616. Stochastics are entering oversold territory | GOLD: Closes near the highs of the session but couldn't quite pierce the 1254.5 area. Once the market trades through 1254.5, a rally into 1264.8 could ensue. 1237.3 is near term support | Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com as well as review our latest TON: Trade On News Plans for ...