stronger zloty although global financial sentiment not so supportive
weak stocks and bond and stronger gold... something is changing in financial world...
today's drop below 6,5% opens road to 5-5,5%. it means strong price potential
drop below 3770 means H&S correction and opens road to min. 3400. let's believe that would mark the last leg of 6 months downward trend
18-19k is a minimum target linked to h&s formation. achiving that level is a good news for all risk assets
potential for further declining, base on a story of risk-off
strong support over 200 points below current price. it would be a bottom for a months...
mind the optimism. last couple of days is only the move back to the 8-month trend line and 12-month movAVG. spring/summer target around 300
next 3 days key to longer term view - importance of 1800 barier
flag implications: 1. usd strenthening 2. gold dropping to 1730 3. stocks 8% down 4. commodites 15% drop GOOD NEWS - it would be last wave of risk off
head and shoulder - more pain for risky assets, more gains for bonds
last couple of weeks 9nly short breakdown in downward trend.
strong downward consequences of droping below 4300
gold miners are due to testing very stron resilince level: trend line and important peak
open road below 30k. weak week means new sell signal on weekly MACD and in consequences further drop to 22.5k
potential move to 1.12
mote and more probability to reach 2.5%
saucer formation created in recent months opens road to discount high inflation
