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We have opened the day above yesterday's morning star. This a good sign.
We have jumped up and corrected already so that there may enfold a further rise.
At the opening we jumped up. It is already a bit dangerous at this heights but there is some more potential as well.
We are meeting a medium term support here what opens the chance for an upward retracement.
It is not the expected island reversal yet but it is not a bottom as well. Thus I prefer to bet on a close of the large window next.
Yesterday's rise came to an end. The price is correcting now.
The time to rise seems to be over and a bigger correction of the uptrend seems to be on the way.
Daimler is in a downtrend and we had a little correction yesterday and coel not close the window. Thus I assume that we have not seen the bottom yet.
We are just breaking out of the rising wedge to the downside. This shall resut in a further, perhaps deeper fall.
We saw a fine run into dollars recently but it seems to starve now. I also think that the present claims in the USA to devaluate the dollar will weigh on it.
We started a correction at today's opening. There are 2 windows to be closed ahead.
We are facing a support that is lasting since February already. It shall hold this time again.
At 8700 there seems to be a short term bottom at least.
With a piercing pattern after which we didn't get a new low and even no lower price on the last trading day it looks like turning point.
The trendline is marking a rising trend and has held so far.
Silver has more ptential than gold in the short run. The upward pressure is just now increasing again.
We rose above the previous high at 1501. It may be the end of the downward correction.
It looks like if we have found a bottom here. Thus we may make a new test of the highs of 2nd August.