There is a steady trend. We are at the bottom of the channel at moment. Thus I assume a renewed move up next.
The price came up immediately after I had bought my gold back. As the scenario is still valid, somewhen the trend down should be resumed. I am taking the opportunity of this little resistance to resell the position.
It is an up and down but it looks to me as if the direction is clearly up. But we should expect some fluctuations.
But how large is the potential? As due to the rather slow momentum neither the orospects nor the danger are very high.
There has been a break above the EMA 120 which has been corrected now. Thus the move up may continue.
...in an uptrend. I don't see any resistance at moment.
The retracement of the upmove since yesterday evening may be finishing. In the short term we have a falling resistance line now which may be to hard to overcome. as the downtrend is intavt and has been corrected I prefer the continuation of the downmove from here already.
...unless it has hit the ground. Today's steep fall hit the monthly support. I guess that this may be a temporary bottom at least. So that I assume that we may see a correction up from here.
It was no breakout but perhaps a falsebreak. We fell back into the channel now and may assume that the fall can continue now.
The last swing up has not been done yet. So I'm taking the occasion to risk another long entry.
It is the signal I've been waiting for. Now the price went a good piece of way already. I think that the peak has not been reached yet, however.
And the roots are downstairs! After the intermezzo of the correction we can return to the wave down again.
If we can produce a green candle here there is a good chance for a retracement at least.
The price holds below the EMA 256. We may consider this as a resistance and assume a retracement ahead.