EUR/USD and XAU/USD Prediction 13APR09 until 17APR09

I'm not doing well in the Instaforex Tournament because my EA setting still need to be tuned to almost 100%. Now, I'm going back to my way of trade. SWING! I've been scalping with my EA and still need improvement from my local ISP to gain their signal to optimum in what so ever climate.

I'm just finish analyzing the EUR/USD and XAU/USD and makes conclusion for my prediction for this week. Starting with comodities index GOLD a.k.a. XAU/USD, Open at 881.70 and break 50% of Fibonacci Retracement early this morning(+8GMT), this precious comodities climbs up to break 100% of the retracement and try to break 138.2% retracement twice and failed. Now, above 100% and predicted to break 161.8% at price 890.47.


Back to the prediction for EUR/USD the price open at 1.3190 and moving downtrend to break 38.2% of Fibonacci retracement. The failed breakout backup to break 100% retracement and it is going up far beyond 161.8% to 200% of retracement.


Disclaimer : Warning! Forex is High liquidity. Please trade at your own risk. Trade that you afford to loose.