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Gold and silver continued their upward trend as they have ended yesterday's trading with gains. France and Spain will commence their long term bond sales in an attempt to raise as much as €9.5 billion and €4.5 billion worth of debt, respectively. If this debt auction will go well, the Euro might trade up today. Today, the following reports will come out today: the U.S. core CPI, the ECB Monthly Bulletin, the U.S. Housing Starts and building permits report, U.S. unemployment claims, and Philly Fed manufacturing index.
For the complete daily silver price and gold price forecast for January 19th see here in Trading NRG
Gold rose on Wednesday by 0.26% and reached $1,659.9; silver also increased by 1.35% and reached $30.54. During ...

Forex Trades 01/19 - European session - by [URL="www.forexticket.co.uk"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/gbpusd"]GBP/USD - British Pound / US Dollar[/url][/b]
[b]Entry[/b]: 1.5415
[b]Stop[/b]: 1.5445
[b]Resistances[/b]: 1.5525 - 1.5495 - 1.5445
[b]Supports[/b]: 1.5275 - 1.5325 - 1.5395

[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/usdchf"]USD/CHF - US Dollar / Swiss Franc[/url][/b]
[b]Entry[/b]: 0.9395
[b]Stop[/b]: 0.9425
[b]Resistances[/b]: ...

[B]BIAS[/B]: There still looks to be room for additional losses to 0.9307-20 before a deeper correction

[B]MAIN ANALYSIS[/B]: Losses reached the 0.9373-92 area as expected but I don't think this is the end of the move. I see support at 0.9377 and while this holds there is room for a correction to the 0.9400-10 area. From here I'd look for the downside to resume below 0.9377 and probably down to the 0.9307 area (just above the 0.9305 major corrective low.) I feel this should hold for a correction higher. Only below 0.9300 would risk a deeper extension down to 0.9255-74 before the correction.

[B]COUNTER ANALYSIS[/B]: Only an earlier rally above 0.9410 would generate strength back to the 0.9435-45 congestion high ...

AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9861. Support is at 1.0300, as long as this level holds, the price action from 1.0448 is treated as consolidation of uptrend, and one more rise towards 1.0600 is still possible. However, a breakdown below 1.0300 will indicate that a cycle top has been formed at 1.0448, then deeper decline to test 1.0145 key support could be seen.



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