After the massive run to $0.0644, $TUT
faced a sharp rejection and has been making lower highs and lower lows.
Price is now around $0.0445, sitting below the MA(7) at $0.04533, showing that short-term momentum is still bearish. The key support is around $0.0436–$0.0440.
If bulls can reclaim $0.0470–$0.0480 and hold above it, a recovery toward $0.0517 could start. But if $0.0436 breaks decisively, another leg lower becomes likely.
Correction is still active. Sellers have control for now. The $0.0436 support is the level to watch.#GoldRisesAbout14%InAugust #USCorporateProfitsHitRecordHigh
faced a sharp rejection and has been making lower highs and lower lows.
Price is now around $0.0445, sitting below the MA(7) at $0.04533, showing that short-term momentum is still bearish. The key support is around $0.0436–$0.0440.
If bulls can reclaim $0.0470–$0.0480 and hold above it, a recovery toward $0.0517 could start. But if $0.0436 breaks decisively, another leg lower becomes likely.
Correction is still active. Sellers have control for now. The $0.0436 support is the level to watch.#GoldRisesAbout14%InAugust #USCorporateProfitsHitRecordHigh
