maybe this channel can hold for an other big drop
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Dislikedjimobiwan:
>>>>> I think the price will likely be back up and the expected price around 1370 usd/ounce aimed to test the resistance level 1382 usd/ounce after not sustain this level.Ignored
QuoteDisliked=Jim Wyckoff Comex gold prices are trading slightly higher Wednesday morning, on a minor corrective, short-covering bounce following strong losses posted on Tuesday that did produce some fresh technical damage. A steady-higher U.S. dollar index is once again limiting buying interest in gold Wednesday morning. December Comex gold last traded up $3.00 at $1,341.30 an ounce. Spot gold last traded up $0.90 at $1,341.00.
Many commodity futures markets are under modest selling...
DislikedHave lightly broken resistance @ 1343 area,
I took small profits (300 pips) on my scalp before. Yet
Let this be a LESSON to all traders:
The initial trade was more profitable. Yet I closed it too soon in order to reduce open net risk......
PATIENCE> is ONE of the keys to successful FX and metals trading.
CONFIDENCE is PARAMOUNT as well.Ignored