After 9 hours, all the way from the Asian session, the bears have just breached the M5 average, currently at 2163 in GU. The bulls have been having a swan song. Can the bears now respond likewise?

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At last, a bearish RSI divergence on H4. PA may undermine other RSI divergences but rarely does on H4. Most likely we shall be seeing the fangs of the bears soon And that would mean a minimum of 50 pips for starts

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In GU, we are back to the battle of 2118 just like yesterday. Lose it and the bulls are gone. Both H1 and M30 are posting bearish RSI divergences and that is the indication of who will come out tops, all things being equal

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Bearish RSI divergence on H1. It's like the bulls have had their day. Time for GU to toe the line of EU?

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The bears have succeeded in breaching the M5 Average and have blown away the bull support. In effect, the bears are back!

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In GU, the bears are unable to shoot down the M5 average currently at 2118 so, the bull may resume their song

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Little wonder. I was going to say that was some great stuff from the bulls. Indeed, the bulls are looking strong for now but the bearish RSI divergence on M30 might put a spanner in their works

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Incidentally, Aki's H4 upper EMA 5 band is the same as the DP. Now that PA has gotten here, let's see the colour of the bulls from now onwards

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In GU, the bulls have taken the front seat. On M5 they have found support at 2053 but the odds are still against them. I am waiting for them at Aki's H4 upper EMA 5 band at 2066 to short

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For GU, the battle of M5 Average has now raged for more than 4 hours. When it began, the M5 Average was at 2074, now it is sitting at 2063 thus showing who is winning the battle. Clearly, the stakes are against the bulls but they are making a fight ...

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London open has just blown away the bull support. Maybe we can now have some action. Just noticed that EU is swinging unlike GU

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Unlike yesterday, Frankfurt open has been very quiet. In GU, the bulls have potential bulls support at 2056 both at M5 and M15 but they have to overcome the H1 average at 2062 to roar

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Sorry folks, it's the bulls losing grip not the bears. The bears are in control

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PA has just closed below H1 Average which is currently at 2072. So, the bears are losing grip

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Congrats Aki. Never knew that Gold and UJ are that correlated

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In GU, the battle of M5 Average is still raging. Whoever wins it (2079) will carry the day

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Yes, very weird. The bulls were looking dead and buried but roared back all of a sudden. But even at that they are unable to take out the DP at 2085. So, the bears may resume their song, tweet or no tweet

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Grudgingly, the bears are giving way in GU

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The bulls are presently attacking 2073, an old H1 swing average. If they succeed then the weekly pivot at 2084 will beckon: GU

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With the news a non-issue and now out of the way, we settle down for the business of the day. At present, the bulls are knocking at the door

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