This is my current short term prediction. I think we will break the resistance at 11.800 - 11.900$ within this week and end this weeks wick above the descending trending line.
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First target reached!
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Second and third target reached!
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A closer look on the consolidation.
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We did consolidate between the $11850 and $12000 level as I suggested yesterday. We didn't had enough strength to push through to next target at $12100 as i thought.
I think that we will consolidate under $11750 and eventually push up later today to test the upper level again.