At Brainard's speech we've broken out of the wedge and yesterday aftermarket we tested back the apex
of the wedge. That level is also important as it is the the bottom of the consolidation. I don't think price will visit the beartrap between 1310-1302.
RSI 14 is showing a divergence as price has broken to new lows in the night but RSI couldn't get more oversold.
Anyway yesterday's sting to 1313 was just a manipulated move as a big player had dumped a big amount of contracts in the low volume session. It was nearly a 10$ move in 1 minute. Only those shorts were able to close their positions who had a take profit at that level.
I would like to see price to break above the 10 EMA and stay above. MACD crossover would be an important sign that we are heading up again.
of the wedge. That level is also important as it is the the bottom of the consolidation. I don't think price will visit the beartrap between 1310-1302.
RSI 14 is showing a divergence as price has broken to new lows in the night but RSI couldn't get more oversold.
Anyway yesterday's sting to 1313 was just a manipulated move as a big player had dumped a big amount of contracts in the low volume session. It was nearly a 10$ move in 1 minute. Only those shorts were able to close their positions who had a take profit at that level.
I would like to see price to break above the 10 EMA and stay above. MACD crossover would be an important sign that we are heading up again.
Comment:
Comment:
Time of gold is coming.
Oil is falling despite the bullish inventory data. Stocks are also dropping.
And now the dollar is giving up.
We might see this year's most powerful gold rally in the following 5 days.
Oil is falling despite the bullish inventory data. Stocks are also dropping.
And now the dollar is giving up.
We might see this year's most powerful gold rally in the following 5 days.
Comment:
Gold is ignoring the dollar's move to the 200 SMA.
Comment:
Smartmoney already knows no rate hike next week.
The chance is 15%.
The chance is 15%.