NST 4.29% $13.86 northern star resources ltd

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  1. 42,218 Posts.
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    Technically AUD is a pullback and I am looking for a long intraday perhaps Monday to join the long.

    Technically NST price action today is bearish. Price rallied into Monday's low and rejected that level. This appears to me to be short covering until the next batch of bears started new shorting positions. Watch Wednesday's low, if the inside bars from Monday breaks that low there will be another round of selling I am afraid or else they will take out the bull stops under and flick price back up. The odds favors the short side in this instance, not a prediction by the way.

    I cleared out of the way meantime and will be looking for a better cheaper entry if the market presents opportunity. I make $1249.65 on my broker feed as the gold resistance. You will see that 27/28/29 June 2017 is where it struggled to penetrate through this level. Again this is not a prediction, it is the chart telling me and I interpret it accordingly. USDX is holding to 94 so far but if that level breaks then 92. I suspect it will pull back up first since price do not move in a straight line! Good luck.
 
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