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Thursday, February 15, 2024 3:38:05 PM
By: Marty Armstrong | February 15, 2024
January was to be the end of the rally, and December was a Double Directional Change, which produced the intraday high. Volatility will rise into March, and we should see a retest of support in the typical false move that usually results in people turning bearish. We have closed back below the Major Breakout Channel from the key low, which stands at the 2092 level. The Uptrend Line resides at the 1916 level. The main support lies at the 1860-1826 level. So, pay close attention to the Bearish Reversals at this time. We could consolidate short-term.
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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