All what changed are:
1- Gold tested neck line already, which was the upper downtrend channel line, this was a confirmation for the down direction.
2- A line was added "Trading line", the pink one, this is the line it tests always for medium term trading.
3- We have now 2 points to care about, 844 "last bottom" and 834.50 "50%" Fibonacci level.
Same points targeted and keep an eye for breaking above the down channel for stopping loss.
Wednesday, May 14, 2008
Metals: Strong Golden Bear
Posted by Analyst at 1:33 AM 0 comments
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