THE WEEKLY CHART IS WEAK AND WITH LARGER SELL OFF. 17800 CRITICAL
IN NEAR TERM, GOLD NEEDS A GOOD RALLY TO 1280/90 AREA FOR ENTRY INTO THE LARGE UP PF CHANNEL. STILL BEING NEUTRAL NOW
GOLD - SHOULD BE ABOVE AND STABLISES AT TP 1220 FOR A GOOD RALLY
GOLD CLEARED THE PF L-ML LIKE HOT KNIFE THROUGH BUTTER. HEADING SOUTH TO THE LOWER PF CHANNEL. AND DEEPER !
LOOK AT THE HIGHER VOLUME NOW. A CLEAR SIGN OF BIG TUSSLE GOING ON BETWEEN THE BULLS AND THE BEAR.. WAIT FOR THE OUTCOME AND PRICE ACTIONS.
HIGH PROBABILITY WE ARE HEADING SOUTH TO 1.2760/50 TP
GOLD NEEDS A GOOD RALLY TO 1285/90 AREA FOR ENTRY INTO THE LARGE UP PF CHANNEL. STILL BEING NEUTRAL NOW
clearly shown the importance of volume. and its absence from the last few trading days.
FOR NASDAQ 100 , we should be on the watch at 4040. Its a VERY CRITICAL LEVEL
OTHERWISE, heading down south again to the lower PF L-line
US 30 MET WITH RESISTANT AT PF H-LINE. likely returning to m-line.
LET US SEE HOW IT BOUNCES and rally at this PF L-line , otherwise its heading south again-- DEEPER !
NASDAQ 100 NEEDS VOL AND MOMENTUM THIS WEEK TO CLEAR ABOVE THE PF M-LINE CONVINCINGLY. otherwise the story is totally different
EURO heading southerly to L- ML , 1.3125 area . THANKS TO EURUSD
traders dont write much, only little and sweet, my mentor used to say. "Who has the time, but trading well, and newton cash !" so just simply put to my dear fellows with my simple chart. Continuing from 4 days ago, edited.for next week. likely more choppy price actions to the bottom.
PROBABLY HEADING DOWN SOUTH TO BOTTOM OF RED RECTANGLE