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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday, 16 July 2017

gold needs to do a lot of work next week to turn this bearish  weekly candle chart round.


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1 comment:

  1. Joy Division16 July 2017 at 12:37

    Gold looks bearish with most technical indicators. It is bullish long term but may potentially still correct. For me it is on the cusp - at an inflection point. Could go either way at present. Can identify the bearish short position on NCM on the ASX which is strong down for about six weeks. Have previously posted a very strong bullish position that can also take off from now. Bearish chart attached. Will be up tomorrow in the morning which is a good shorting position but being at the cusp can go strong either way. Currently long - if price falls below the midline of the white channel in the chart will go short.

    https://www.dropbox.com/s/bgzdpkb14wrl25v/NCM%20Weekly%20Alt%28Bear%29%2014-7-17.png?dl=0

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