End of the downtrend? Bears were not able to break the uptrend. It could still happen, but the probability is decreasing with each more day above 1400 CNY. The uptrend could start with baby steps around Wednesday Feb 25 to Thursday Feb 26 and a bullish breakout could begin to happen on Friday Feb 27 or during the weekend. Gold is also in a bullish start position as of today.
Signals: MACD is bullish and crossed above the zero line for the first time since November 2014. And the DMI is also showing a bullish trend.
Long position entry: If the price breaks the 1497 CNY - 1500 CNY resistance
Stop loss price recommendation: 1450 CNY
Profit targets: 1575 CNY and up to 1650 CNY
Signals: MACD is bullish and crossed above the zero line for the first time since November 2014. And the DMI is also showing a bullish trend.
Long position entry: If the price breaks the 1497 CNY - 1500 CNY resistance
Stop loss price recommendation: 1450 CNY
Profit targets: 1575 CNY and up to 1650 CNY
