traderdannorcini.blogspot.com / By Dan Norcini / October 30, 2014
In looking over this intermediate term chart, and surveying its
current bear market, I have noticed that since its peak near $1900 some
three years ago, the metal has only ONCE managed to CLOSE out the week
BELOW $1200. See the arrow…..
The close this week will therefore be critical in determining whether
or not we are going to be more downside follow through and another test
of the key $1180 level or if we are going to sit and grind sideways for
a while longer yet.
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