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wombat53

7,702 Posts.

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26/04/16

00:15

Post #: 17594467
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Originally posted by AverageJoe ↑

Price running up the big bear bar. That red line resistance looks a tad strong to break through but if it does then my suspicion that the banks will let it rally into the 1270 swing high once more. This run could potentially be the circuit breaker of the equilibrium and $1282.86 swing high could be tested again. This is as far as I dare hope for because the selling has been very strong in the recent past!

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Yep...a slow motion move back up...we'll find out out when we wake up Tuesday Morning:
P.S Which day was the big red bar you are referring to? Friday? Earlier (there's few of them!)?
XAUUSD - HOURLY:

DAILY:

Last edited by wombat53: 26/04/16
2 Upvote

0 Great analysis

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