October 21, 2015

 
  • Gold daily chart shows price struggling to move and sustain above 200 SMA. Unable to sustain above 200 SMA and the weekly cloud may resume the fall. Last chart shows possibility of extending the current bounce till the falling resistance line.
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My Favourite Quote

"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