Yeah we need a confirming candle...

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yeah its barely hanging on the 61.8% retracement level... anything more than this could prove bad for the long side (in the short term)

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This must be true then...as usd is fallign against rubble... Right now I think the paradigm is changing though... Yellen has changed a few fundamentals and a reevaluation is due in the market! Gold is not taking off like the other markets have ...

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Thanks..Im trading very light.. so no major dent if i get stopped out; but if it goes in my favor I will keep adding on longs! I will only short below $1260

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Im looking for a more credible source.. a major news channel!

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yes but with a stop at 1288 and trading very light.. I usually don't counter trend... but after this news I expect price to go up... (ukraine issue deescalating is my only concern for a downside risk...) But cues for that should be taken from the ...

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AND an ample source of cheap gas! which is the main issue why this crisis is important in the first place...A war could lead to russia cutting the gas supply! which will be devastating for the euro area... and last thing they need is a slowdown ...

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well then best to stay out and wait for todays close! and reenter tomorrow as the market will be in a better position to see its direction... "when in doubt; stay out"

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Is that news from a russian source or a western source....?

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Generally cues from market direction should be taken from a larger time frame... Weekly prior to todays retracement looks like it was headed uup... daily is in consolidation to moving up! After Yellen... I think this is very bullish news for gold!

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Only place I see is up! That being said... I'm getting news that putin is pulling troops back from ukraine border??? can someone please verify that? is that true?

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All asset classes should rally! she has started to sound like bernanke! "considerable amount of time" Notice the pinbar being formed on the spx and dow!

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Well the housing... and she mentioned that interest rates will be kept to zero as long as needed! I think once the news is digested these points will be highlighted! Plus her tone is different too from the last 3 meetings.. She has started to say ...

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It sounds like yellen has taken somewhat of a U-turn!

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She also just said that housing recovery might be slower than expected... and that just might be the caveat...

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The Technicals are suggesting price forming a support layer.... In terms of your quote above.. I totally agree! if ukraine issue was not there price would fall through the floor! If somehow price falls to 1260 today without any news of possible ...

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There is good support at these levels; but there might be further downside to (38.2%) $1299 till (50%) $1294 retracement levels.... The USD index had a steep fall yesterday and price is just retracing right now. Therefore short sellers must be ...

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Go long! two pull ups... only suggests a lot of support...

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Yeah...that was a good call! But today apparently yellen speaks so I don't know...? maybe we gonna hit 1317-20 levels by london and then start descending back to 1300-1310 range... Good luck!

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I can sympathize with new traders; especially those who have the courage to reach out! because when i started I never did...I only wish I had; would have learned things much faster! & secondly the markets were flat..so why not and yes you are so ...

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