- The trend line in daily chart drawn by connecting 1040 and 1174 is being tested. If price closes the week below the trend line we may see the trend changing in favor of the bears.
- Price closed below 20 day moving average again and is moving towards 50 day moving average.
- Hour chart is also looking negative, 200 hour moving average is broken again. Bears will be in control if previous low of 1294 gets broken.
- THE GOLDEN CHANNEL
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