As seen in previous bear trends this year highlighted in gold, after a long dump we will need some sort of consolidation before another drop,
some believe we will bounce up high from this area, I do not.
after we test 5800 i expect consolidation and maybe a bounce to 6200 for up to a week before a sharp drop to 4800-5k once the 5800 is lost.
follow for updates
some believe we will bounce up high from this area, I do not.
after we test 5800 i expect consolidation and maybe a bounce to 6200 for up to a week before a sharp drop to 4800-5k once the 5800 is lost.
follow for updates
Comment:
If we break resistance at 6548 we could get a nice short squeeze follow through, could go back down to make a higher low first before breaking that area.