• Gold has sharply moved higher on Friday. The next horizontal resistance is at 1762 (27/02/2012 low). • The target at 1730 (implied by the bullish breakout from the symmetrical triangle) has been reached. • The long-term support at 1523 has held and the long-term succession of lower highs has been invalidated. We therefore favour a longterm sideways move. Given the current strong bullish momentum, we think that the next attractive move on a risk/reward basis will be on the short side. • EUR/USD has broken its strong resistance at 1.2748 (see also down trendline and rising wedge). The next resistances are given by ... (full story)