Yea, I’m so tired of bragging and instead just want to discuss forward projected target zones as mine are 27,800…27,200, 26,400 and then a revisit on a scale in increased basis subject to flow and momentum at the time of entry. IMO subject to change with fundamental news developments, naturally. :)
"If we were to break above the top of the candlestick, it would be an extraordinarily bullish sign, and could send gold soaring. However, if we turn around and break down below the bottom of the candlestick, it’s very possible that we could turn around and start plunging. This would be a “hanging man candlestick”, which is a very bearish sign indeed. This is not to say that we are necessarily going to see this market collapse at that point, but we may have a somewhat deep correction.
"Underneath, the 50-Week EMA sits at the $1826 level and is rising, so it’s very possible that could be a target for short-sellers if we do break down. On the other hand, if we turn around and rally quite drastically, the $2100 level would almost certainly be targeted given enough time."
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