January 26, 2017

GOLD Bearish price action

  • Gold has fallen below 4 Hour cloud and 100 Period SMA. 
  • Gold bears need the current candle to close at the lows or at the current levels to confirm bearish structure.
  • Staying below the cloud and 100 SMA possible targets on the downside are 1185 and 1164. Only if price moves back above the cloud this scenario will change. 
  • TESLA Monthly Tops and Weekly resistance line

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