March 16, 2017

  • Three charts all showing Gold testing crucial resistance zone. Gold bulls must close price above these levels to keep the current upward momentum intact. Weakness here may favour gold bears for a correction.
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  • ES Bulls managed to close above the triangle.
  • 2nd chart shows possibility of a bigger up move if crosses 2400.
  • Bulls need to stay above 2376 to keep the upward momentum intact.
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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