False breakout was made in "premarket". "OPEN" start in a hour and could give us fast move upside like continuation of original uptrend. Let's see.
Volume Gap was filled During pullback. Now, we have free space for make a new lows...
Sentiment shows possibily to turning down prices of precious metals . SUPPLY DEMAND analysis and potencial trade arreas for short. Ready tu drive on or not yet? OPEN in 15min... will see.
After Bounce from demand at $1170 GOLD looks strong to me...
Return into supply area - ( failure of trend rotation area) Could predict PA continuation inside the range ($2086-$1809).
Bounce from critical zone (failure of correction) @2.520 and solid spike on OPEN INTEREST last week should be sign of strenght.
Very agresive buy commercials from 30.11.2015 with first profit taking @1.1378 still in play?
without positions, but positive on SP500.
Speculation on making a new low after failure of correction point.
Should see some drop price after failurse of correction into upside several times and after fundamental new this week 01126?]http://www.nasdaq.com/article/cocoa-pares-losses-coffee-drops-ahead-of-export-data-20160913-01126?
Open interests for precious metals are sky-high and Commercials are ensuring themselves against decline prices like crazy. With all the guaranteed advice for buy by proffesional analysts over the internet right now... I would rather wait with buying for couples of weeks from now...
Clean bullish sentiment on Australian dollar for me (from $0.7153) and still positive . But last week we touched $0.77355 with rissing Open Interests, so probably we will see some profit-taking before breaking through (IF BREAK THROUGH). So no suprise it the price will fall little and make sme correction.
After bounce @30.00 on 08.02.2016 looks CL strong for me. second tuch of resistance @50.00 looks like profit taking. WATCH OUT 50.00 LEVEL!!!