Conslidaiton was broken out of 15658.13
Target that was hit ended up wicking back up at the red line which is the target line of 1500.00. Price also hit 14370.73
Now when we look at the level of 13588.52 we see price breaking out that level.Where there was a huge desperation wick for seller. now price is moving into the new level of 12920.37
Netflix and PayPal was also big reasons for this move considering both companies lost 40% of their valuation and they are apart of the NAS100 as major players.
Stock market is also going down because of this war with Russia and Ukraine which means gold fundamentally should be going up and investors are losing faith and US dollar and stocks.
Target that was hit ended up wicking back up at the red line which is the target line of 1500.00. Price also hit 14370.73
Now when we look at the level of 13588.52 we see price breaking out that level.Where there was a huge desperation wick for seller. now price is moving into the new level of 12920.37
Netflix and PayPal was also big reasons for this move considering both companies lost 40% of their valuation and they are apart of the NAS100 as major players.
Stock market is also going down because of this war with Russia and Ukraine which means gold fundamentally should be going up and investors are losing faith and US dollar and stocks.
Trade closed: target reached
Trade closed: target reached
MRXAU