The negative divergences on the charts have been there for some time now. However, price continues its levitation act as it retested resistance at 80c today.
In the shorter term, it would make sense to wait for price to pull back to the 20dMA at 77c before loading. Personally, I would wait for a retest of the 50dMA before loading up. Would there be a catalyst for a stronger pull back? If I miss out on this one, then, too bad for me.
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Golden Agriculture: Pulling back.