Published at 9.30pm Monday AEST, this chart offers a pretty safe call to go short to 1324 or 1315 levels at 38.2 and 50% Fib retracement levels respectively.
The Comex knock-down is one of the most easily predicted market phenomena, as it has been happening so frequently for so many years.
But who wouldn't sell with a top-of-the-channel set-up like this. RSI and MACD indicators are also screaming "sell".
The Comex knock-down is one of the most easily predicted market phenomena, as it has been happening so frequently for so many years.
But who wouldn't sell with a top-of-the-channel set-up like this. RSI and MACD indicators are also screaming "sell".
Note
Note also the long-term wedge formation with GC1 right in the resistance zone. Could a surprise be awaiting?
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.