The past long position had been stopped out unfortunately. Meanwhile the outbreak has confirmed however and a new ceiling has just to be found.
For at least 5 years we got a stable uptrend in this share and there are no signs of an end.
Little corrections don't disturb the trend, but vice versa confirm it.
The support has been tested back from the downside, The fall may continue now.
We had reached the high of this year again and the market is going to take profit from here, it seems at least.
... on Friday. But after this the rate has recovered as expected initially. As the picture is th same like yesterday the resolution may be to buy only.
Gold has broken below the support line again what means that we we try the downside again.
We are testing the downside of the former suppert now. As this had been broken we can asume that this resistance will hold now and further declines will follow.
A 2 days long way is coming to its end with this beak of the MA.
We got a support here that could not be broken on a first attempt. The more there is also a low that has been tested some times. Thus the euro may rise from here again.
The pound seems undecisively after it has left the channel. Due to the failing pressure it seems to be likely that the top of the falling cjannel shall be retested.
Having reached the 0-76 Fibonacci retracement and stopped here, we can expect a new wave up.
I had expected a correction downfrom here. But it seems now that there is no sign of a slowing momentum.
It doen's look like if there will be further downward consolidation. There is not enough pressure. Most people are holding their short yen positions. So better be long on the Kiwi.
The downward wave from 18-21th September has been completely corrected. We may continue our way down now.
The downward retracement has been done and we may follow the channel again now.