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binwood

9,058 Posts.

3949

21/07/16

07:49

Post #: 18323098
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Originally posted by wombat53 ↑

@binwood "The top of the reddish rectangle, $1,326.07 is Support.
We have held that recently, and are at this moment at about $1,325 even, not the first time it has been breached (but may close below) in this current leg down. i.e. it's been tested, but closed above, the last 5 sessions."
I think we are getting our answer tonight. POG currently at 1,316, lo of 1,313.
i.e seems to be headed to low of that support range I mentioned....more precisely, greater likelihood of 1,305.38 before 1,360 again. I hope not, but it doesn't matter what I hope or think, or believe, only what I see.
I trust some have dry powder....
George

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So Wombat. In trying to learn the methods that you and Joe use. Was the strength of the USD yesterday a driver of POG or just an excuse for the MM's to push the price through that liquidity zone in the 20's hoping to hit the next one around 1,306? If so how do you tell?

BDR Price at posting: 43.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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