March 13, 2017

  • Gold one hour chart shows price trying to stay above hourly cloud. 
  • Fib levels shows price pausing at 23.6% Fib level.
  • If fib level shown above is crossed then the broken support resistance zone shown in chart 2 is possible. A bigger reversal may not be possible till price stay below the resistance zone shown in chart 2.


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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