We are currently testing the resistance band between 140.52 - 140.65, which ideally should hold and turn us down again. Short term a break below 140.00 will be first confirmation, that the correction from 138.35 is over, while a break below 139.45 confirms the next decline below 138.35 for a push towards 136.82.A break above 140.77 will delay the decline for a rally towards 141.36 first.
Hi EW Surfer,
ReplyDeleteStill visiting every day. Love your site. Could you update gold whenever possible as it has now made a new high and this could be the last thrust up as you mentioned in your last post?
A
I was pretty bearish a few months ago, when you were calling 1.500, you may have changed your analysis to bearish since, but you may have been right all along, we could have been in the early stages of 4, and we now may take out that 1.4800 handle. I'm as confused as everyone else because I think way too logically :)
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