Pressure metals continue to struggle
=> Here we can clearly see the double top gold posted after major resistance from July 2016 managed to hold.
=> The rising channel has given way and we are seeing continual closes below the 100 week MA
=> The target for bears here are clearly the 2017 lows $1,120 - 1,125
=> The scary part here for those in EUR positions this move would imply EURUSD back at the 1.05 handle
=> If bulls do not step in here and downward pressure continues then we are set to unlock $875-880
=> Good luck all
=> The rising channel has given way and we are seeing continual closes below the 100 week MA
=> The target for bears here are clearly the 2017 lows $1,120 - 1,125
=> The scary part here for those in EUR positions this move would imply EURUSD back at the 1.05 handle
=> If bulls do not step in here and downward pressure continues then we are set to unlock $875-880
=> Good luck all
