Sive Morten
Special Consultant to the FPA
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Good morning,
So, Gold was able to hold vital bearish resistance of 2040$, moving lower. This keeps bearish context intact. Still we have weekly grabber on the table, that remains valid by far and bulls have to make difficult decision on either taking position with it or not, because market stands at last 5/8 support area now around 2015$. Here we offer some compromise solution for this riddle:
So, Gold was able to hold vital bearish resistance of 2040$, moving lower. This keeps bearish context intact. Still we have weekly grabber on the table, that remains valid by far and bulls have to make difficult decision on either taking position with it or not, because market stands at last 5/8 support area now around 2015$. Here we offer some compromise solution for this riddle: