TKMR downtrend is broken huge run will come good pipeline and news will follow in january
A new supply demand level shown and has been retested. Trend lines also been broken.
Gold is in a well established downtrend and broken structure to the downside proves this trend's still strong enough to reach more southern price levels. On Friday broken structure was retested by a long green candle. This last candle shows a nice bullish momentum to the upside. That's why I'll be coservative placing a double stop order rather than sell at structure
Despite what many think, long term support and resistance trend lines have been perfectly symmetric and not broken. So, there is no reason to panic. The trend lines showed are cloned. They have the same angle and the price has respected the trend without any false alarms. However, for investing, I don't think it's an appropriate moment to trade, as it might can...
AUD / USD - End of week - Broken Trendline and Bearish black body candlestick. See below the link NZD / USD
NZD / USD - End of week - Broken Trendline and Bearish black body candlestick. 1st Support @ 0.9420 / 0.9400 2nd Support on the Tentative Up Trendline (solid green trendline) See below the link AUD / USD
AUD / NZD - Breaking Up the most Accelerated Tentative Down Trendline. If the price will close above 1.0920 it may be a change in trend