Technische Analyse
TECHNICAL ANALYSIS BY NSFX 04.01.2016
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The market looks like it could bounce, but quite frankly we think that there is more than enough bearish pressure above to keep this market on the downside. On a very short term basis we have been stuck between 36.00 and 38.00 for the bulk of the trading.
TECHNICAL ANALYSIS BY NSFX 04.01.2016
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We believe that this market will be greatly influenced by the overall ascending triangle pattern, which should keep buyers interested on pullbacks. Only weak background is a sign that imbalance between supply and demand is in favor of supply.
TECHNICAL ANALYSIS BY NSFX 04.01.2016
HIGH: | LOW:
Gold continues the appearance of putting in a basing pattern; last week's missive showed prior similar patterns over the last three years as having all led to rallies of better than 100 points, which were same to again kick in here, we sense would take us back up into the 1200s.