Weekly Chart:
Again, the same chart we have been sharing and monitoring showing the move up, the turn and the move down all planned months ahead. We’ve added a new level and target to this chart which is where we feel there is likely to be a reaction in price. The next key level here is 1731 and below that 1701. These are the levels that need to be broken for this to go lower and then hit our Monthly targets before potentially hitting the weekly target way down below. We have huge problem with this chart, that is that we have been trading it bearishly for months yet our indicator continues to flash short on this. Lets see how it plays out!
Take these as reference and projections, if you’re following us, you’ll be aware we update the moves daily so we’re not just going to sell and hope to hit those levels. We’ll take it step by step and work our way towards it.
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As always, trade safe.
KOG