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Forex Flash: GBP/USD to fail at 1.5420 - Commerzbank

FXstreet.com (Barcelona) - After rallying to the 38.2% retracement of the move seen this year at 1.5420, where it is showing initial failure, Commerzbank analysts expect the momentum to stop there as it is indicated to have ended its 4th wave in a classic 'a-b-c' correction and it has just registered a 13 count on the 240 minute chart. Failure will follow. “Support lies at 1.5118 (short term uptrend) ahead of 1.5028 (the 20th March low). A break below here is needed to trigger another leg lower to the 1.4832 March low. Longer term we target 1.4229, the 2010 low”, wrote analyst Karen Jones.

Commodities Brief – Gold prices fall to 2010 lows, crude races to 91.00

In the aftermath of several notable events last week, nothing has been roiled more than precious metal and commodity prices. Indeed this trend continued today, with fresh concerns over Cyprus and soft Chinese GDP data, driving the metal to the back below the 1450 mark during European trading. The heavy selloff over the previous two sessions in particular have overwhelmingly lowered the yellow metals price, which not to long ago seemed to be testing the 1600 level. At the time of writing, gold prices are now trading at just USD $1443.11 per oz. Monday.
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Forex Flash: Where's the low in gold? - Nomura

Nomura strategists Saeed Amen and Geoffrey Kendrick have taken a look at recent price action and ask, “Where´s the low in gold?”
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