The metal moved back above 23.6% correction at 16.00 and stabilizing above it is positive. Stability above 23.6% correction is accompanied now by trading above the key resistance of the downside move as showing on graph, which favors an attempt to retest 17.05 - 17.10 at 38.2% correction. From the downside, stabilizing above 15.65 is required to keep the upside move valid, but we we prefer to remain intraday above 15.84 to strengthen the bullish possibility.
Posted on: Fri, 02 Jan 2015 03:27:54 +0000
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