March 20, 2014

  • Weekly chart looks really bad for Gold Bulls so far. Price is making a Bearish engulfing pattern. Two more day's for Gold bulls to avoid a bearish pattern on closing basis.
  • Bearishness is happening at the weekly cloud.
  • Crucial support zone is at the 200 and 50 Day SMA.
  • EURUSD Daily time frame seen here testing crucial support zone. Bigger weakness for the pair if this level is not held on closing basis.


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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore