Gold weakened against the dollar – the pulse of the Business

quotes of USD/PLN this morning continued yesterday’s reflection formed after the meeting of the Federal reserve system. As a result of these increases, the rate of this pair broke the highs of this month, and at the same time, this year the extreme(4,2665). If you violate these levels in the second half of the day your browser is disabled, but the party podażowa course and turned South. Thus, there is a possibility that the information flowing from so-called fedokropek (3 are planned to be leg lifts in 2017) was already discounted on the us dollar. Last week, will continue correction stopped exactly at the 38.2% cancellation of reflection from 9 November (4,1060), and therefore model coverage has been achieved.

of Course, there is the possibility of its continuation (the reflection from the 8th of December is wave B in a flat correction-the enhanced ABC) and deepening to the level of 61.8% cancellation of the surroundings of the level of 4.00. But this should not be compromised, if we assume that upward movement on this pair will continue in the medium term. Overcoming the level of the highs (4,28) will be a signal of continuation of the weakening of the gold to the us dollar in the medium term, even in the vicinity of the level of 4.52 – the level of equality reflection formed in the second half of 2008 and early 2009, as well as a rising sequence built in may 2011.

EUR/gbp

In the chart of EUR/PLN has not changed too much in the last 24 hours.Quotes EUR/PLN last night (after the fed meeting) once again positively przetestowały średnioterminową uptrend line from origin in April of last year (see chart). Protection of this support resulted in the reflection, and the reflection of it was this morning continues. From a few hours advantage in this pair keeps the page podażowa and the course was held, the result of all of today’s gains. Yet what has not, therefore, signals the completion of the downward correction, which was formed on Monday 5 December when the quotes reached the level is very important resistance in the form of this year’s extremes (appointed in January and in June tested positive) – 4,5040. His positive test ” results in the creation of a downward movement. If this wave is only a correction of the reflection from October 11, the minimum radius determines the 38.2% cancellation of this reflection, which coincides w ith the last local minimami – level 4,41.