Trader's Logbook

PGOLD look tired after breaking resistance at 36. At the top of our chart is a small Doji but doesn’t look like a bad one. I think it will go sideways again like what happened when it was playing around with zone 36. If that will happen with a price rally after few days, then we could see PGOLD creating a new support line. But if it wont happen and price will correct, bears should have a hard time breaking the support at 36.

Better not to waste your ammunition for now. Instead prepare for the dip. COL just upgraded PGOLD’s FV to 48.

Caveat!