Fourth session of consolidation, first level of support is set by (2/8) 1312.50 line and then Tenkan-sen 1301.42. If gold chart will stay above this area we will have buy signal with range 1343.75 and 1375.00. Decrease below Tenkan-sen will mean testing Kijun-sen/Senkou Span B 1281.94 support.
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Totally different situation over here. Consilidation lasted only two sessions. There is a possibility of going back to (7/8) 17.97 support. The range of this phase of bullish trend is set by (8/8) 18.75 line.
Oil is trying to fight (8/8) 50.00 resistance again. Today chart came back to support area 49.09-48.36. These are Kijun-sen and Tenkan-sen levels. Chikou Span is still above the chart but only breaking June 22nd high at 50.64 will cause Tenkan-sen moving up and crossing Kijun-sen what will generate buy signal. The range is at another Murrey lines 51.56 and 53.13. Decrease below Kijun-sen 48.36 will cause going back to Senkou Span B 46.53.
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