Luca Model: Short since May 7

The oversold June euro fell from a one-week high and ended lower on Tuesday. It had bottomed near a two-year low on Friday. It has been sliding nearly every day since peaking on May 1, but at least a short-term bottom is in place. The euro remains below the 21-day exponentially smoothed moving average.
The short-term outlook is sideways. The medium-term outlook is bearish and my model is short.
Initial support is at 1.2385. A pivot low is at 1.2288.
Immediate resistance is at 2542. The 21-day exponentially smoothed moving average follows at 1.2659.

INDICATORS
Fast stochastics: Sideways
MACD: Bearish
Ichimoku: Bearish

OUTLOOK
NEAR-TERM: Sideways
MEDIUM-TERM: Bearish
LONG-TERM: Sideways

Gold in Indian Rupees – 1 Year Daily
http://dzswc0o8s13dx.cloudfront.net/...1_06-06-12.png
وصل سعر الذهب اليوم عقود اجلة في الهند ثاني اكبر مستهلك ذهب بعد الصين الى سعر قياسي جديد وهو

30,192
rupees per 10 grams

gold at €1,308/oz now
only 5% below the record high of September of €1,375/oz
Wed, Jun 6 2012, 11:04 GMT

now gold


1621.55

+1.90

(+0.12%)

1588.25

-45.95

(-2.81%)