Just price (to avoid polemics:))
If the price is to move higher/much higher, here is where it needs to hold.
On a price basis, there is no disputing 260 is a key support.
If the price breaks lower though, the final stage of the correction could be dramatic.
I think it goes lower but I need confirmation below 260 which i respect as key support.
This is where fundamentals needs to be placed in perspective with technicals. I see no tangible fundamental explaining price either way... 100 why not, 600 why not...
The charts very much reminds me of Gold in April13.... Not good.
if you want to go long: game is clear stop 210.
If the price is to move higher/much higher, here is where it needs to hold.
On a price basis, there is no disputing 260 is a key support.
If the price breaks lower though, the final stage of the correction could be dramatic.
I think it goes lower but I need confirmation below 260 which i respect as key support.
This is where fundamentals needs to be placed in perspective with technicals. I see no tangible fundamental explaining price either way... 100 why not, 600 why not...
The charts very much reminds me of Gold in April13.... Not good.
if you want to go long: game is clear stop 210.