DislikedHere is the chart beeb.
Ultra short term we have some sort of expanding pattern (not too strong to me).
Overall the pennant lines will form short term term supports. Margin hike of 22% would mean that speculators lose 22% purchasing power on gold (instead of buying 1 lot a person can afford probably 0.8). Physical demand is no doubt higher but short term we can see some downside I believe.
Ok gold broke that ultra short term support as im typing
ADD: I saw a post by beeb asking a time frame for the support..can't see the post nowIgnored
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