July 6, 2016

  • Gold week chart shows price moving up from broadening pattern.
  • Price moving towards a possible resistance line in Month time frame. Month candle should hit the resistance line around 1400 levels. Bigger move for gold only if price is able to stay above this line.
  • CRUDE Oil Testing support zone
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  • 15 Minutes continues to trend below the cloud. 
  • 4 Hour chart shows price at crucial support zone. Breaking this may lead to bigger correction in crude oil.
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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