EVN chart, page-1935

No overnight action as the US was on holiday.
Yesterday gold moved through resistance but in the end decided that it wasn't worth holding and dropped below and stayed below it into the close.
Today is another day though and it begins to flirt with it again and as the US is back on board we should see a bit more volatility.
A 2 minute chart indicates the action.
Techs remain elevated to extreme.
The question is do we get a spike high which would indicate a longer correction/consolidation or do we get corrective action from around this level.
We shall see.


Looking at a daily on evn and it remains in a very heavy area of resistance.
It sits just above main support of the second range of $5.375 and minor support of the previous range of $5.36 so the next level to visit is the target of the first range ($5.54) and minor resistance of the second which is $5.52 in reverse order.
So we shall soon see what is in store for us.