Friday, 31 October 2014
I have been posting about gold taking out the 1180 low for a long time and going sub 1000. The first 2 charts show my thoughts about gold last year while the third chart shows price as it is right now. Mouse over the charts to see when they were saved. I am still bearish...
Monday, 27 October 2014
Price is now starting to do some technical damage to the downside. I have also uploaded the weekly chart (intraweek) to show the move down in relation to the surrounding candles. 3000 has been major support for so long and it went with a bang today. I am looking much lower in this commodity. If price collapses in the same manner it rose then there is a whole lot of downside action to be had
Thursday, 23 October 2014
I am going to start this post by saying there is manipulation - both covert and blatant - in these markets but technically the above is what I see. This idea suggest the markets will become risk-averse and while trader run into the US$ in risk aversion they also run into the jpy as they appear very neutral in most situations.