supermine
Hero Member
*****
Offline Offline

Activity: 826
Merit: 518


View Profile Personal Message (Offline)

Ignore
January 20, 2015, 02:27:14 AM

Projected pessimistic targets back on track. Let's see if Bear momentum of last week will return or not. Bulls not easily frightened these days. Yen 1250 on Huobi is major Support zone. If we break that, it is the $136 target we are projecting. Good luck trading!

Why $136?

It's where the major fib fan ray drawn from Gold Parity levels runs at the moment. -If- we manage to go down further, before a parabolic gap-filling up to $250-ish (like on simliar drops before), then I would say $136 is the minimum we will see for now.

The 30-min MACD is in full negative swing, which tells me that Y1300 will not be able to be held and a serious re-test of Y1250 will occur, that level has proven as a pivot point for the last few days, so it will be interesting to watch.