for me its no clear signal at dx. we have gap at 96.7-8 and really nice range (purple zone) so posible another wave down to fill the gap and then will see if want continue more down to bottom of bigger channel or way up to range from cup and handle.
Buy pressure seems to have stalled, showing an almost perfect Inverse cup and handle. Also has breakout below a strong trend-line and resistance zone. Price target in the region of $31 in timing with their Q2 financial report released on 31 July. Opinions?
Not much to say on it yet however if today candle closes above 1400 then expect a continuation to 1450. This convinces me that gold is planning to go on a long up-rise due to the gradient its showing so far. May see bulls getting exhausted and letting bears take the lead sometime in the future but gold is possibly aiming to set a record high. A few fundamentals...
IDP has broken long term down trend and has formed a cup and handle price pattern signalling a buy. Fundamentals also looking good with their new product Roots being made available in Tescos in November and appointment of new CEO. Buy limit should be placed just above the resistance line of the cup and handle.
We have a smooth round top formation with cup rims clearly bouncing off heavily built $6,000 bid walls. An RSI correction to the upside is forming a handle, possibly leading to our third and final bear push into 5 to 6k zone.