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Small gap up, along yesterday's high, no sure if the gap will be filled or not.
Until the price decisively breaks above the blue line above the chart is bearish biased because it can be seen as the 2nd test of the rebound high therefore any failure would mean the top was in. Also the price is already overlapping.
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text book target on gold double top was fulfilled. judging by the recent rebound, I still see more downside risks.
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if euro simply consolidates here instead of a sharp rebound then this is a double top.
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Cobra wrote:text book target on gold double top was fulfilled. judging by the recent rebound, I still see more downside risks.
COBIE: thanks for the pre-market update on gold, oil
i like that
I SECOND THAT! Thanks!
Thanks. I have plan to add more on the public chart list, by the way.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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