Bears celebrating!
Lets see how long it is to last :)
in reality just going from monthly resistance @ 1288.5 to monthly support @ 1275.
Lets see how long it is to last :)
in reality just going from monthly resistance @ 1288.5 to monthly support @ 1275.
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Please note, SL: Shall be regarded as a 4hr close below
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The drop itself opened up 2 new levels to be seen :)
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1279 level met, then 1283 and 1302 left. These levels doesnt come with time labels unfortunately.
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2nd upside target almost met, but no cigar, still missing 0.5 usd or so on the 1283. No 4hr below the zone. Its drying paint within the range
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Again, meaningless impatient price action. Price cannot make anything sustainable, still being in peanut-picker-range.
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1275 is re-opened on the downside. Potentially open to 1285 on the upside.
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EURUSD...
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For 15/11 I have the following very interesting narrow range levels.
1273... Price as mentioned impatient again. So 1273-75 is good support.
1273... Price as mentioned impatient again. So 1273-75 is good support.
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Gold has spiked nicely above the strong resistance zone. But; 1273 is still open level. Caution to be adviced as price may come back to it. I will monitor price development
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Main scenario is that we re-visit 1273 in next cycle, but we never know :) ABX tells me that we most likely have bottomed
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Hence: Time to punish permabears... :)
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Couldnt escape still. So 1273.X is the place to watch out.