The two month oversold present to me an opportunity to buy now. Taking in account the week end meeting of the big fishes and the technical problem of CME Group, when the problem is solved price will rise because of the trader hunger. Probably West governments will strike 1 - to ISIS and 2 - to ukraine separatists and unfortunately war = rise of price. Time will...
Analysing again and again BTCusd, so long term situation fundamentally and technically is to blow. So I'm just trying to forecast the brake of 700$. We will see how the main stream adoption will go, but 5 to 10 years will do the play till then trade, trade, trade :)))
I believe that the Euro will fall down further taking in account the ongoing things between Ukraine and Russia which will become an energy crisis for Europe + Mario Draghi's low deposit rates reform will still push the Euro toward the longterm downtrend from 2010 till now which is -9.20 %. May be later I'll bet on reversal back to the previous support at 1.33348...
My position is based on the forecast coming from the World Gold Council which estimates that the 2014 gold consumption will be lower than the 2013 based on lower jewellery companies demand. I expect bull days November when India consumption is high because of cultural fundamentals.