Jul 19, 2015
UPDATE: Now we have panic sell off in gold too - even better. Dumping 1,2 billion on Friday and 2,7 billions overnight when no one can react... no it is completely normal trading:))) nothing artificial here. Stay calm and be patient nothing has changed instead of a diagonal it is a normal impulse. Follow the trading psychology - scary plunge(sellers shitting their pants), bounce higher(sellers exhausted), another move lower but weaker with divergences(Johnny-come-lately joins the party). This game is repeating all the time. Here is the chart now watching 1128 for retracement and 1065 as a potential target for a low. Panic sell off usually lasts 5-7 days this was red day 6 in a row and the biggest bar. Long shadow for the candle already, which means the rebound is probably running already.