Ok,it looks like the Three Line Strike,but it's not. However,due to many bad news (I just guess. 'Cause I know that I never really need much news).the stock markets around the world were in Red,including Australian. That's why Gold Bulls have a change to win the Friday game. And the question is,what's next? Well, even though that Blue candle shows some hope,(but)I doubt it. My Red line resistance level $2,650 is quite strong. Some of buyers got trapped there,plus the Bears (short sellers) have been waiting to protect their land. That means,we will see a good battle on Monday. Let's see...Till now,nothing changes. Gold is still likely heading South $2,562 as my previous posting said. There would be a very good change for Bulls on Monday but only if they take it! Because XJO/XAO looks like we'll have a bad day on Monday. Both indices drawn a true form of Three Line Strike (unlike spot gold is a fake one). Let's expect a couple days of market sell-off next week. Cheers.
'Cause I know that I never really need much news).the stock markets around the world were in Red,including Australian. That's why Gold Bulls have a change to win the Friday game. And the question is,what's next? Well, even though that Blue candle shows some hope,(but)I doubt it. My Red line resistance level $2,650 is quite strong. Some of buyers got trapped there,plus the Bears (short sellers) have been waiting to protect their land. That means,we will see a good battle on Monday. Let's see...Till now,nothing changes. Gold is still likely heading South $2,562 as my previous posting said. There would be a very good change for Bulls on Monday but only if they take it! Because XJO/XAO looks like we'll have a bad day on Monday. Both indices drawn a true form of Three Line Strike (unlike spot gold is a fake one). Let's expect a couple days of market sell-off next week. Cheers.
