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Declines in Hong Kong's Hang Seng index are slowing, reports Saxo Bank head of equities strategy Peter Garnry, but the Chinese tech sector continues to sell off, particularly in Shenzhen and on the Shanghai-Shenzhen CSI 300 index.
Squawk / 08 June 2016 at 17:17 GMT
GOLD
1y
Aliahmad Aliahmad
I don no your pirice
1y
stranger stranger
1266/67 it*s sell price t/p 1247
1y
fxtime fxtime
There is a volume node at the 1247 and obviously where your average is too...but the very strong rally from 1212 region is a concern to me. Usually such strong moves have 50% of the move tested or at least 24% so i suspect 1230 will be revisited as a fake move before resuming the upward trend. 1247 is certainly a sensible congestion area to take support and gain the fastest profits. 1230 is probably an area I will look to enter a scaled long fwiw.
1y
trading4fun trading4fun
I do keep my 1260 short opened, 4h chart, rsi overbought extreme and already previous inverted hammer candle may be a warning sign for a pullback
1y
stranger stranger
fxtime,1247 is certainly a sensible congestion area to take support and gain the fastest profits,without risk
1y
stranger stranger
trading4fun,it is likely to be rolled back & after correktion follow to 1275/1280 , where can fall
1y
Aliahmad Aliahmad
Thanks
1y
stranger stranger
Aliahmad,norm
1y
trading4fun trading4fun
still bearish?
1y
stranger stranger
yes!

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